iShares iBonds Dec 2032 Term Corporate ETF (NYSEARCA:IBDX) Sees Unusually-High Trading Volume – Time to Buy?

iShares iBonds Dec 2032 Term Corporate ETF (NYSEARCA:IBDX) saw unusually-high trading volume on Tuesday . Approximately 774,121 shares changed hands during mid-day trading, an increase of 109% from the previous session’s volume of 370,720 shares.The stock last traded at $25.4730 and had previously closed at $25.61.

iShares iBonds Dec 2032 Term Corporate ETF Trading Up 0.4%

The stock has a fifty day moving average of $25.55 and a 200-day moving average of $25.53.

Hedge Funds Weigh In On iShares iBonds Dec 2032 Term Corporate ETF

Institutional investors have recently modified their holdings of the stock. Ameriprise Financial Inc. increased its stake in shares of iShares iBonds Dec 2032 Term Corporate ETF by 111.2% during the third quarter. Ameriprise Financial Inc. now owns 1,707,594 shares of the company’s stock valued at $43,762,000 after buying an additional 899,251 shares during the period. Confluence Investment Management LLC bought a new position in iShares iBonds Dec 2032 Term Corporate ETF during the 4th quarter worth about $7,611,000. Atlantic Union Bankshares Corp purchased a new position in iShares iBonds Dec 2032 Term Corporate ETF during the 2nd quarter valued at about $5,561,000. Praetorian Wealth Management Inc. bought a new stake in shares of iShares iBonds Dec 2032 Term Corporate ETF in the 4th quarter valued at about $2,205,000. Finally, JPMorgan Chase & Co. purchased a new stake in shares of iShares iBonds Dec 2032 Term Corporate ETF in the 3rd quarter worth approximately $1,283,000.

About iShares iBonds Dec 2032 Term Corporate ETF

The iShares iBonds Dec 2032 Term Corporate ETF (IBDX) 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 January 1, 2032 and December 15, 2032. IBDX was launched on Jun 28, 2022 and is managed by BlackRock.