iShares iBonds Dec 2029 Term Corporate ETF (NYSEARCA:IBDU) Hits New 52-Week Low – What’s Next?

Shares of iShares iBonds Dec 2029 Term Corporate ETF (NYSEARCA:IBDUGet Free Report) reached a new 52-week low on Monday . The company traded as low as $23.00 and last traded at $23.02, with a volume of 367293 shares traded. The stock had previously closed at $23.06.

iShares iBonds Dec 2029 Term Corporate ETF Stock Down 0.2%

The firm’s fifty day moving average is $23.13 and its 200-day moving average is $23.28.

Institutional Investors Weigh In On iShares iBonds Dec 2029 Term Corporate ETF

A number of institutional investors have recently modified their holdings of IBDU. Praetorian Wealth Management Inc. lifted its position in shares of iShares iBonds Dec 2029 Term Corporate ETF by 2.7% during the second quarter. Praetorian Wealth Management Inc. now owns 297,915 shares of the company’s stock worth $6,900,000 after purchasing an additional 7,902 shares during the last quarter. RVW Wealth LLC increased its holdings in iShares iBonds Dec 2029 Term Corporate ETF by 5.4% in the second quarter. RVW Wealth LLC now owns 1,210,684 shares of the company’s stock valued at $28,039,000 after buying an additional 61,905 shares during the last quarter. GAMMA Investing LLC raised its stake in iShares iBonds Dec 2029 Term Corporate ETF by 141.5% during the second quarter. GAMMA Investing LLC now owns 12,763 shares of the company’s stock valued at $296,000 after buying an additional 7,479 shares in the last quarter. Harbor Investment Advisory LLC raised its stake in iShares iBonds Dec 2029 Term Corporate ETF by 19.0% during the second quarter. Harbor Investment Advisory LLC now owns 100,760 shares of the company’s stock valued at $2,334,000 after buying an additional 16,114 shares in the last quarter. Finally, Ballast Advisors LLC acquired a new stake in iShares iBonds Dec 2029 Term Corporate ETF during the first quarter valued at approximately $40,000.

About iShares iBonds Dec 2029 Term Corporate ETF

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The iShares iBonds Dec 2029 Term Corporate ETF (IBDU) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a Bloomberg index of USD-denominated, investment-grade corporate bonds maturing between Jan 1 and Dec 15, 2029. IBDU was launched on Sep 17, 2019 and is managed by BlackRock.

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