iShares iBonds Dec 2029 Term Corporate ETF (NYSEARCA:IBDU) Sees Strong Trading Volume – Time to Buy?

Shares of iShares iBonds Dec 2029 Term Corporate ETF (NYSEARCA:IBDU) saw an uptick in trading volume on Friday . 6,768,420 shares were traded during trading, an increase of 849% from the previous session’s volume of 713,115 shares.The stock last traded at $23.06 and had previously closed at $23.06.

iShares iBonds Dec 2029 Term Corporate ETF Stock Down 0.0%

The stock has a 50 day moving average price of $23.08 and a 200-day moving average price of $23.20.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of IBDU. MTM Investment Management LLC bought a new position in shares of iShares iBonds Dec 2029 Term Corporate ETF in the 1st quarter worth approximately $36,000. Ballast Advisors LLC bought a new position in shares of iShares iBonds Dec 2029 Term Corporate ETF in the first quarter worth about $40,000. High Note Wealth LLC purchased a new position in shares of iShares iBonds Dec 2029 Term Corporate ETF during the 4th quarter valued at about $105,000. BOKF NA purchased a new position in shares of iShares iBonds Dec 2029 Term Corporate ETF during the 4th quarter valued at about $126,000. Finally, Bogart Wealth LLC grew its stake in shares of iShares iBonds Dec 2029 Term Corporate ETF by 48.6% during the 1st quarter. Bogart Wealth LLC now owns 8,457 shares of the company’s stock valued at $197,000 after acquiring an additional 2,764 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.