iShares iBonds Dec 2028 Term Corporate ETF (NYSEARCA:IBDT) Sees Strong Trading Volume – Time to Buy?

Shares of iShares iBonds Dec 2028 Term Corporate ETF (NYSEARCA:IBDT) saw unusually-strong trading volume on Tuesday . Approximately 1,166,303 shares traded hands during mid-day trading, an increase of 234% from the previous session’s volume of 349,584 shares.The stock last traded at $25.02 and had previously closed at $25.08.

iShares iBonds Dec 2028 Term Corporate ETF Stock Performance

The firm’s 50 day simple moving average is $25.33 and its 200 day simple moving average is $25.04.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Comerica Bank boosted its stake in shares of iShares iBonds Dec 2028 Term Corporate ETF by 3.7% during the 1st quarter. Comerica Bank now owns 12,526 shares of the company’s stock worth $312,000 after acquiring an additional 445 shares during the last quarter. Praetorian Wealth Management Inc. raised its holdings in iShares iBonds Dec 2028 Term Corporate ETF by 1.8% during the 3rd quarter. Praetorian Wealth Management Inc. now owns 191,336 shares of the company’s stock valued at $4,885,000 after buying an additional 3,356 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of iShares iBonds Dec 2028 Term Corporate ETF by 55.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 21,878 shares of the company’s stock worth $542,000 after purchasing an additional 7,821 shares during the period. Peloton Wealth Strategists grew its stake in shares of iShares iBonds Dec 2028 Term Corporate ETF by 4.5% during the second quarter. Peloton Wealth Strategists now owns 269,500 shares of the company’s stock valued at $6,676,000 after buying an additional 11,500 shares during the last quarter. Finally, Parallel Advisors LLC grew its position in iShares iBonds Dec 2028 Term Corporate ETF by 2.8% in the 2nd quarter. Parallel Advisors LLC now owns 128,813 shares of the company’s stock valued at $3,191,000 after acquiring an additional 3,568 shares during the last quarter.

iShares iBonds Dec 2028 Term Corporate ETF Company Profile

The iShares iBonds Dec 2028 Term Corporate ETF (IBDT) 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, 2028. IBDT was launched on Sep 18, 2018 and is managed by BlackRock.