iShares iBonds Dec 2029 Term Corporate ETF (NYSEARCA:IBDU) Sets New 52-Week Low – Here’s What Happened

iShares iBonds Dec 2029 Term Corporate ETF (NYSEARCA:IBDU) shares hit a new 52-week low on Monday. The stock traded as low as $22.66 and last traded at $22.6750, with a volume of 45305 shares. The stock had previously closed at $22.71.

iShares iBonds Dec 2029 Term Corporate ETF Stock Performance

The stock’s 50-day moving average price is $22.97 and its 200-day moving average price is $23.10.

Institutional Trading of iShares iBonds Dec 2029 Term Corporate ETF

Several large investors have recently bought and sold shares of the company. Lyell Wealth Management LP raised its holdings in shares of iShares iBonds Dec 2029 Term Corporate ETF by 21.7% in the fourth quarter. Lyell Wealth Management LP now owns 486,066 shares of the company’s stock worth $11,376,000 after acquiring an additional 86,833 shares during the last quarter. Godshalk Welsh Capital Management Inc. grew its holdings in shares of iShares iBonds Dec 2029 Term Corporate ETF by 32.9% during the first quarter. Godshalk Welsh Capital Management Inc. now owns 132,750 shares of the company’s stock worth $3,088,000 after buying an additional 32,850 shares in the last quarter. HORAN Wealth LLC acquired a new position in shares of iShares iBonds Dec 2029 Term Corporate ETF in the first quarter valued at approximately $526,000. Heartland Bank & Trust Co raised its position in shares of iShares iBonds Dec 2029 Term Corporate ETF by 401.6% in the first quarter. Heartland Bank & Trust Co now owns 148,493 shares of the company’s stock valued at $3,454,000 after buying an additional 118,889 shares during the last quarter. Finally, Roble Belko & Company Inc lifted its stake in shares of iShares iBonds Dec 2029 Term Corporate ETF by 174.7% during the first quarter. Roble Belko & Company Inc now owns 119,309 shares of the company’s stock valued at $2,775,000 after buying an additional 75,870 shares during the period.

iShares iBonds Dec 2029 Term Corporate ETF Company Profile

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.