iShares iBonds Dec 2029 Term Corporate ETF (NYSEARCA:IBDU) Trading Up 0.1% – Time to Buy?

Shares of iShares iBonds Dec 2029 Term Corporate ETF (NYSEARCA:IBDU) were up 0.1% during trading on Monday . The company traded as high as $23.41 and last traded at $23.40. Approximately 837,715 shares were traded during mid-day trading, an increase of 9% from the average daily volume of 765,331 shares. The stock had previously closed at $23.38.

iShares iBonds Dec 2029 Term Corporate ETF Trading Up 0.1%

The stock’s 50-day moving average is $23.45 and its 200-day moving average is $23.45.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Mosaic Family Wealth Partners LLC bought a new stake in shares of iShares iBonds Dec 2029 Term Corporate ETF during the second quarter worth about $246,000. FourThought Financial Partners LLC bought a new stake in iShares iBonds Dec 2029 Term Corporate ETF during the 2nd quarter worth approximately $659,000. Peloton Wealth Strategists increased its position in iShares iBonds Dec 2029 Term Corporate ETF by 0.7% in the 2nd quarter. Peloton Wealth Strategists now owns 341,400 shares of the company’s stock valued at $7,965,000 after acquiring an additional 2,400 shares during the period. RFP Financial Group LLC bought a new position in shares of iShares iBonds Dec 2029 Term Corporate ETF during the second quarter valued at $354,000. Finally, Cary Street Partners Financial LLC lifted its holdings in shares of iShares iBonds Dec 2029 Term Corporate ETF by 5.5% during the second quarter. Cary Street Partners Financial LLC now owns 52,324 shares of the company’s stock worth $1,221,000 after purchasing an additional 2,733 shares during the period.

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.