iShares iBonds Dec 2031 Term Corporate ETF (NYSEARCA:IBDW) Sees Unusually-High Trading Volume – What’s Next?

iShares iBonds Dec 2031 Term Corporate ETF (NYSEARCA:IBDW) shares saw unusually-high trading volume on Tuesday . Approximately 709,048 shares were traded during trading, an increase of 200% from the previous session’s volume of 236,165 shares.The stock last traded at $20.57 and had previously closed at $20.63.

iShares iBonds Dec 2031 Term Corporate ETF Price Performance

The stock has a 50 day moving average of $20.94 and a two-hundred day moving average of $20.64.

Institutional Investors Weigh In On iShares iBonds Dec 2031 Term Corporate ETF

A number of large investors have recently added to or reduced their stakes in IBDW. Farther Finance Advisors LLC bought a new position in shares of iShares iBonds Dec 2031 Term Corporate ETF in the third quarter worth about $92,000. Princeton Global Asset Management LLC boosted its position in shares of iShares iBonds Dec 2031 Term Corporate ETF by 112.4% in the third quarter. Princeton Global Asset Management LLC now owns 6,562 shares of the company’s stock valued at $139,000 after acquiring an additional 3,473 shares during the period. Newman Dignan & Sheerar Inc. bought a new stake in shares of iShares iBonds Dec 2031 Term Corporate ETF in the second quarter valued at approximately $217,000. Montecito Bank & Trust grew its stake in shares of iShares iBonds Dec 2031 Term Corporate ETF by 66.6% in the second quarter. Montecito Bank & Trust now owns 24,873 shares of the company’s stock worth $505,000 after acquiring an additional 9,939 shares during the last quarter. Finally, Comerica Bank increased its position in iShares iBonds Dec 2031 Term Corporate ETF by 64.9% during the first quarter. Comerica Bank now owns 26,462 shares of the company’s stock worth $542,000 after acquiring an additional 10,417 shares during the period.

About iShares iBonds Dec 2031 Term Corporate ETF

The iShares iBonds Dec 2031 Term Corporate ETF (IBDW) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a Bloomberg index composed of USD-denominated, investment-grade corporate bonds maturing between January 1, 2031 and December 15, 2031. IBDW was launched on Jun 22, 2021 and is managed by BlackRock.