iShares iBonds Dec 2029 Term Corporate ETF (NYSEARCA:IBDU) Hits New 12-Month High at $24.90

iShares iBonds Dec 2029 Term Corporate ETF (NYSEARCA:IBDU)’s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $24.90 and last traded at $23.42, with a volume of 56666 shares. The stock had previously closed at $23.43.

iShares iBonds Dec 2029 Term Corporate ETF Stock Down 0.0 %

The firm has a fifty day simple moving average of $23.06 and a 200-day simple moving average of $22.77.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC raised its stake in shares of iShares iBonds Dec 2029 Term Corporate ETF by 2.2% in the fourth quarter. Janney Montgomery Scott LLC now owns 272,951 shares of the company’s stock worth $6,297,000 after purchasing an additional 5,819 shares during the last quarter. Navellier & Associates Inc. raised its stake in shares of iShares iBonds Dec 2029 Term Corporate ETF by 4.6% in the fourth quarter. Navellier & Associates Inc. now owns 40,628 shares of the company’s stock worth $937,000 after purchasing an additional 1,800 shares during the last quarter. Parallel Advisors LLC raised its stake in shares of iShares iBonds Dec 2029 Term Corporate ETF by 923.0% in the fourth quarter. Parallel Advisors LLC now owns 74,955 shares of the company’s stock worth $1,729,000 after purchasing an additional 67,628 shares during the last quarter. Arrow Financial Corp raised its stake in shares of iShares iBonds Dec 2029 Term Corporate ETF by 8.8% in the fourth quarter. Arrow Financial Corp now owns 556,879 shares of the company’s stock worth $12,847,000 after purchasing an additional 45,264 shares during the last quarter. Finally, Peloton Wealth Strategists raised its stake in shares of iShares iBonds Dec 2029 Term Corporate ETF by 8.9% in the fourth quarter. Peloton Wealth Strategists now owns 231,200 shares of the company’s stock worth $5,334,000 after purchasing an additional 18,800 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.