iShares iBonds Dec 2029 Term Corporate ETF (NYSEARCA:IBDU) Stock Price Up 0.3% – Still a Buy?

iShares iBonds Dec 2029 Term Corporate ETF (NYSEARCA:IBDU) shares were up 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 were traded during mid-day 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.

Institutional Trading of iShares iBonds Dec 2029 Term Corporate ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Harbor Investment Advisory LLC increased its stake in iShares iBonds Dec 2029 Term Corporate ETF by 105.0% during the 1st quarter. Harbor Investment Advisory LLC now owns 1,640 shares of the company’s stock worth $38,000 after buying an additional 840 shares during the period. Bank of Jackson Hole Trust acquired a new position in iShares iBonds Dec 2029 Term Corporate ETF during the 4th quarter worth $42,000. First United Bank & Trust purchased a new stake in iShares iBonds Dec 2029 Term Corporate ETF during the 4th quarter worth about $47,000. Princeton Global Asset Management LLC raised its position in iShares iBonds Dec 2029 Term Corporate ETF by 513.3% in the 4th quarter. Princeton Global Asset Management LLC now owns 2,760 shares of the company’s stock valued at $63,000 after purchasing an additional 2,310 shares in the last quarter. Finally, Barrett & Company Inc. boosted its stake in shares of iShares iBonds Dec 2029 Term Corporate ETF by 200.0% in the 4th quarter. Barrett & Company Inc. now owns 3,000 shares of the company’s stock valued at $68,000 after buying an additional 2,000 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.