Confluence Investment Management LLC Buys New Shares in iShares iBonds Dec 2029 Term Corporate ETF (NYSEARCA:IBDU)

Confluence Investment Management LLC purchased a new position in shares of iShares iBonds Dec 2029 Term Corporate ETF (NYSEARCA:IBDU) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 246,605 shares of the company’s stock, valued at approximately $5,798,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Montecito Bank & Trust raised its holdings in shares of iShares iBonds Dec 2029 Term Corporate ETF by 90.9% during the 3rd quarter. Montecito Bank & Trust now owns 34,821 shares of the company’s stock valued at $819,000 after buying an additional 16,581 shares in the last quarter. Spinnaker Trust raised its stake in shares of iShares iBonds Dec 2029 Term Corporate ETF by 70.2% during the third quarter. Spinnaker Trust now owns 53,268 shares of the company’s stock worth $1,252,000 after acquiring an additional 21,971 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of iShares iBonds Dec 2029 Term Corporate ETF by 7.0% in the 3rd quarter. Janney Montgomery Scott LLC now owns 321,808 shares of the company’s stock worth $7,566,000 after acquiring an additional 20,983 shares during the last quarter. First Interstate Bank purchased a new stake in shares of iShares iBonds Dec 2029 Term Corporate ETF in the 3rd quarter valued at $204,000. Finally, Farther Finance Advisors LLC grew its holdings in shares of iShares iBonds Dec 2029 Term Corporate ETF by 6,842.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,430 shares of the company’s stock valued at $57,000 after purchasing an additional 2,395 shares during the last quarter.

iShares iBonds Dec 2029 Term Corporate ETF Price Performance

iShares iBonds Dec 2029 Term Corporate ETF stock opened at $23.02 on Friday. The firm has a fifty day simple moving average of $23.29 and a two-hundred day simple moving average of $22.97. iShares iBonds Dec 2029 Term Corporate ETF has a twelve month low of $21.79 and a twelve month high of $24.90.

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.