iShares iBonds Dec 2029 Term Corporate ETF (NYSEARCA:IBDU – Get Free Report) shares saw unusually-strong trading volume on Tuesday. 2,779,744 shares changed hands during trading, an increase of 272% from the previous session’s volume of 747,878 shares. The stock last traded at $22.6750 and had previously closed at $22.65.
iShares iBonds Dec 2029 Term Corporate ETF Trading Up 0.1%
The business has a 50-day moving average price of $22.92 and a two-hundred day moving average price of $23.07.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the company. MTM Investment Management LLC bought a new stake in shares of iShares iBonds Dec 2029 Term Corporate ETF in the first quarter valued at $36,000. Ballast Advisors LLC bought a new position in shares of iShares iBonds Dec 2029 Term Corporate ETF in the 1st quarter worth $40,000. Burkett Financial Services LLC bought a new stake in iShares iBonds Dec 2029 Term Corporate ETF in the 3rd quarter worth approximately $49,000. Bogart Wealth LLC grew its holdings in shares of iShares iBonds Dec 2029 Term Corporate ETF by 48.6% during the 1st quarter. Bogart Wealth LLC now owns 8,457 shares of the company’s stock valued at $197,000 after purchasing an additional 2,764 shares during the last quarter. Finally, McIlrath & Eck LLC increased its stake in shares of iShares iBonds Dec 2029 Term Corporate ETF by 38.4% in the first quarter. McIlrath & Eck LLC now owns 9,752 shares of the company’s stock worth $227,000 after buying an additional 2,707 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.
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