iShares iBonds Dec 2029 Term Corporate ETF (NYSEARCA:IBDU) Hits New 1-Year Low – Time to Sell?

iShares iBonds Dec 2029 Term Corporate ETF (NYSEARCA:IBDU) shares reached a new 52-week low on Monday . The stock 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 Performance

The business’s 50-day moving average price is $23.12 and its 200-day moving average price is $23.28.

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

Several institutional investors and hedge funds have recently bought and sold shares of the stock. MTM Investment Management LLC bought a new stake in iShares iBonds Dec 2029 Term Corporate ETF during the first quarter valued at about $36,000. Ballast Advisors LLC bought a new position in shares of iShares iBonds Dec 2029 Term Corporate ETF in the first quarter worth about $40,000. Burkett Financial Services LLC purchased a new position in shares of iShares iBonds Dec 2029 Term Corporate ETF during the 4th quarter valued at about $49,000. High Note Wealth LLC purchased a new position in shares of iShares iBonds Dec 2029 Term Corporate ETF during the 4th quarter valued at about $105,000. Finally, GAMMA Investing LLC grew its stake in shares of iShares iBonds Dec 2029 Term Corporate ETF by 9.4% during the 4th quarter. GAMMA Investing LLC now owns 5,284 shares of the company’s stock valued at $124,000 after acquiring an additional 452 shares during the period.

About iShares iBonds Dec 2029 Term Corporate ETF

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.