iShares iBonds Dec 2029 Term Corporate ETF (NYSEARCA:IBDU) Shares Break Above 50 Day Moving Average – What’s Next?

iShares iBonds Dec 2029 Term Corporate ETF (NYSEARCA:IBDU)’s share price passed above its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $22.81 and traded as high as $22.86. iShares iBonds Dec 2029 Term Corporate ETF shares last traded at $22.82, with a volume of 956,820 shares.

iShares iBonds Dec 2029 Term Corporate ETF Trading Up 0.1%

The company has a 50-day moving average of $22.81 and a 200-day moving average of $23.12.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in IBDU. RVW Wealth LLC bought a new position in shares of iShares iBonds Dec 2029 Term Corporate ETF in the third quarter valued at $28,132,000. Arrow Financial Corp acquired a new position in shares of iShares iBonds Dec 2029 Term Corporate ETF during the third quarter valued at about $14,801,000. Rebalance LLC bought a new stake in shares of iShares iBonds Dec 2029 Term Corporate ETF during the third quarter worth about $10,523,000. Praetorian Wealth Management Inc. bought a new stake in shares of iShares iBonds Dec 2029 Term Corporate ETF during the third quarter worth about $7,035,000. Finally, Adirondack Trust Co. increased its position in shares of iShares iBonds Dec 2029 Term Corporate ETF by 1.6% during the third quarter. Adirondack Trust Co. now owns 160,917 shares of the company’s stock worth $3,650,000 after acquiring an additional 2,523 shares in the last quarter.

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.