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

iShares iBonds Dec 2029 Term Corporate ETF (NYSEARCA:IBDU)’s stock price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $23.00 and last traded at $23.09, with a volume of 35428 shares trading hands. The stock had previously closed at $23.07.

iShares iBonds Dec 2029 Term Corporate ETF Stock Performance

The business has a 50 day moving average price of $23.17 and a 200 day moving average price of $23.31.

Hedge Funds Weigh In On iShares iBonds Dec 2029 Term Corporate ETF

Several hedge funds have recently bought and sold shares of IBDU. JPMorgan Chase & Co. increased its stake in iShares iBonds Dec 2029 Term Corporate ETF by 201.9% in the third quarter. JPMorgan Chase & Co. now owns 160,004 shares of the company’s stock worth $3,755,000 after purchasing an additional 107,010 shares during the period. Thoroughbred Financial Services LLC boosted its stake in shares of iShares iBonds Dec 2029 Term Corporate ETF by 20.3% during the third quarter. Thoroughbred Financial Services LLC now owns 27,175 shares of the company’s stock valued at $637,000 after purchasing an additional 4,579 shares during the period. Cary Street Partners Financial LLC grew its holdings in shares of iShares iBonds Dec 2029 Term Corporate ETF by 3.9% in the third quarter. Cary Street Partners Financial LLC now owns 54,341 shares of the company’s stock worth $1,275,000 after purchasing an additional 2,017 shares during the last quarter. Mosaic Family Wealth Partners LLC grew its holdings in shares of iShares iBonds Dec 2029 Term Corporate ETF by 5.5% in the third quarter. Mosaic Family Wealth Partners LLC now owns 11,102 shares of the company’s stock worth $261,000 after purchasing an additional 579 shares during the last quarter. Finally, 10Elms LLP grew its holdings in shares of iShares iBonds Dec 2029 Term Corporate ETF by 15.4% in the third quarter. 10Elms LLP now owns 32,370 shares of the company’s stock worth $760,000 after purchasing an additional 4,320 shares during 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.