iShares iBonds Dec 2029 Term Corporate ETF (NYSEARCA:IBDU) Sees Unusually-High Trading Volume – What’s Next?

iShares iBonds Dec 2029 Term Corporate ETF (NYSEARCA:IBDU) saw unusually-strong trading volume on Friday . Approximately 783,077 shares were traded during mid-day trading, an increase of 106% from the previous session’s volume of 380,463 shares.The stock last traded at $22.77 and had previously closed at $22.71.

iShares iBonds Dec 2029 Term Corporate ETF Stock Performance

The stock has a 50-day simple moving average of $23.02 and a 200 day simple moving average of $23.07.

Institutional Trading of iShares iBonds Dec 2029 Term Corporate ETF

Institutional investors have recently made changes to their positions in the stock. Farther Finance Advisors LLC increased its stake in iShares iBonds Dec 2029 Term Corporate ETF by 6,842.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,430 shares of the company’s stock valued at $57,000 after buying an additional 2,395 shares during the period. Bogart Wealth LLC increased its stake in shares of iShares iBonds Dec 2029 Term Corporate ETF by 15.2% in the third quarter. Bogart Wealth LLC now owns 6,507 shares of the company’s stock worth $153,000 after acquiring an additional 857 shares during the last quarter. First Interstate Bank purchased a new stake in shares of iShares iBonds Dec 2029 Term Corporate ETF during the third quarter worth $204,000. Bank of New York Mellon Corp raised its holdings in shares of iShares iBonds Dec 2029 Term Corporate ETF by 64.0% during the second quarter. Bank of New York Mellon Corp now owns 16,099 shares of the company’s stock worth $365,000 after acquiring an additional 6,283 shares in the last quarter. Finally, Leavell Investment Management Inc. acquired a new stake in iShares iBonds Dec 2029 Term Corporate ETF during the third quarter valued at $428,000.

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.