iShares iBonds Dec 2029 Term Corporate ETF (NYSEARCA:IBDU) Shares Up 0.1%

iShares iBonds Dec 2029 Term Corporate ETF (NYSEARCA:IBDU)’s share price traded up 0.1% on Friday . The stock traded as high as $23.49 and last traded at $23.43. 373,254 shares changed hands during mid-day trading, an increase of 8% from the average session volume of 344,147 shares. The stock had previously closed at $23.40.

iShares iBonds Dec 2029 Term Corporate ETF Price Performance

The business has a 50-day simple moving average of $23.06 and a 200-day simple moving average of $22.77.

Institutional Investors Weigh In On iShares iBonds Dec 2029 Term Corporate ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Farmers National Bank grew its holdings in shares of iShares iBonds Dec 2029 Term Corporate ETF by 9.1% in the second quarter. Farmers National Bank now owns 37,893 shares of the company’s stock valued at $859,000 after purchasing an additional 3,171 shares in the last quarter. Peloton Wealth Strategists boosted its position in iShares iBonds Dec 2029 Term Corporate ETF by 3.7% in the 2nd quarter. Peloton Wealth Strategists now owns 265,000 shares of the company’s stock valued at $6,008,000 after buying an additional 9,500 shares during the period. Lyell Wealth Management LP grew its stake in shares of iShares iBonds Dec 2029 Term Corporate ETF by 15.0% in the second quarter. Lyell Wealth Management LP now owns 248,200 shares of the company’s stock worth $5,627,000 after acquiring an additional 32,420 shares in the last quarter. Parallel Advisors LLC increased its position in shares of iShares iBonds Dec 2029 Term Corporate ETF by 2.8% during the second quarter. Parallel Advisors LLC now owns 127,476 shares of the company’s stock worth $2,890,000 after acquiring an additional 3,531 shares during the period. Finally, Valley Wealth Managers Inc. raised its stake in shares of iShares iBonds Dec 2029 Term Corporate ETF by 51.0% in the second quarter. Valley Wealth Managers Inc. now owns 30,943 shares of the company’s stock valued at $701,000 after acquiring an additional 10,450 shares in the last quarter.

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.