iShares iBonds Dec 2029 Term Corporate ETF (NYSEARCA:IBDU) Shares Up 0.3% – Time to Buy?

Shares of iShares iBonds Dec 2029 Term Corporate ETF (NYSEARCA:IBDU) rose 0.3% during mid-day trading on Tuesday . The stock traded as high as $22.94 and last traded at $22.90. Approximately 258,993 shares changed hands during trading, a decline of 45% from the average daily volume of 471,241 shares. The stock had previously closed at $22.84.

iShares iBonds Dec 2029 Term Corporate ETF Price Performance

The stock’s 50-day simple moving average is $22.98 and its 200 day simple moving average is $22.98.

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

Several institutional investors have recently bought and sold shares of IBDU. RVW Wealth LLC increased its stake in shares of iShares iBonds Dec 2029 Term Corporate ETF by 1,091.5% in the fourth quarter. RVW Wealth LLC now owns 811,880 shares of the company’s stock valued at $18,511,000 after buying an additional 743,743 shares in the last quarter. Captrust Financial Advisors increased its position in iShares iBonds Dec 2029 Term Corporate ETF by 618.9% in the 4th quarter. Captrust Financial Advisors now owns 355,527 shares of the company’s stock valued at $8,106,000 after acquiring an additional 306,076 shares in the last quarter. JPMorgan Chase & Co. increased its position in iShares iBonds Dec 2029 Term Corporate ETF by 16,778.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 242,371 shares of the company’s stock valued at $5,698,000 after acquiring an additional 240,935 shares in the last quarter. Rebalance LLC bought a new position in shares of iShares iBonds Dec 2029 Term Corporate ETF in the fourth quarter worth about $3,451,000. Finally, Lbmc Investment Advisors LLC acquired a new position in shares of iShares iBonds Dec 2029 Term Corporate ETF during the first quarter worth approximately $3,297,000.

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.