iShares iBonds Dec 2029 Term Corporate ETF (NYSEARCA:IBDU) Sees Unusually-High Trading Volume – Still a Buy?

iShares iBonds Dec 2029 Term Corporate ETF (NYSEARCA:IBDU) shares saw unusually-high trading volume on Tuesday. 2,779,744 shares traded hands during mid-day trading, an increase of 272% from the previous session’s volume of 747,878 shares. The stock last traded at $22.6750 and had previously closed at $22.65.

iShares iBonds Dec 2029 Term Corporate ETF Trading Up 0.1%

The firm has a fifty day simple moving average of $22.91 and a 200-day simple moving average of $23.07.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Bank of New Hampshire purchased a new stake in iShares iBonds Dec 2029 Term Corporate ETF in the third quarter valued at approximately $922,000. RVW Wealth LLC purchased a new position in shares of iShares iBonds Dec 2029 Term Corporate ETF during the third quarter worth approximately $28,132,000. Burkett Financial Services LLC purchased a new position in shares of iShares iBonds Dec 2029 Term Corporate ETF during the third quarter worth approximately $49,000. Montecito Bank & Trust grew its position in shares of iShares iBonds Dec 2029 Term Corporate ETF by 2.9% during the third quarter. Montecito Bank & Trust now owns 52,653 shares of the company’s stock worth $1,195,000 after acquiring an additional 1,483 shares during the last quarter. Finally, Sarver Vrooman Wealth Advisors acquired a new position in shares of iShares iBonds Dec 2029 Term Corporate ETF in the 3rd quarter valued at $358,000.

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.