iShares iBonds Dec 2029 Term Corporate ETF (NYSEARCA:IBDU) Sees Strong Trading Volume

iShares iBonds Dec 2029 Term Corporate ETF (NYSEARCA:IBDU) saw unusually-strong trading volume on Thursday . Approximately 623,666 shares changed hands during trading, an increase of 84% from the previous session’s volume of 338,782 shares.The stock last traded at $23.15 and had previously closed at $23.24.

iShares iBonds Dec 2029 Term Corporate ETF Trading Down 0.3 %

The business’s fifty day moving average is $22.85 and its 200-day moving average is $22.71.

Hedge Funds Weigh In On iShares iBonds Dec 2029 Term Corporate ETF

Large investors have recently modified their holdings of the business. Bogart Wealth LLC increased its stake in shares of iShares iBonds Dec 2029 Term Corporate ETF by 79.9% in the fourth quarter. Bogart Wealth LLC now owns 4,996 shares of the company’s stock worth $115,000 after purchasing an additional 2,219 shares in the last quarter. Navellier & Associates Inc. increased its stake in shares of iShares iBonds Dec 2029 Term Corporate ETF by 4.6% in the fourth quarter. Navellier & Associates Inc. now owns 40,628 shares of the company’s stock worth $937,000 after purchasing an additional 1,800 shares in the last quarter. Bank of New Hampshire increased its stake in shares of iShares iBonds Dec 2029 Term Corporate ETF by 57.6% in the first quarter. Bank of New Hampshire now owns 17,010 shares of the company’s stock worth $388,000 after purchasing an additional 6,220 shares in the last quarter. Adirondack Trust Co. purchased a new position in shares of iShares iBonds Dec 2029 Term Corporate ETF in the fourth quarter worth about $286,000. Finally, First Horizon Advisors Inc. purchased a new position in shares of iShares iBonds Dec 2029 Term Corporate ETF in the fourth quarter worth about $72,000.

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.