iShares iBonds Dec 2029 Term Corporate ETF (NYSEARCA:IBDU) Sees Strong Trading Volume – Here’s Why

iShares iBonds Dec 2029 Term Corporate ETF (NYSEARCA:IBDU) shares saw unusually-strong trading volume on Tuesday . Approximately 1,577,974 shares traded hands during mid-day trading, an increase of 137% from the previous session’s volume of 666,451 shares.The stock last traded at $22.92 and had previously closed at $22.93.

iShares iBonds Dec 2029 Term Corporate ETF Stock Up 0.1 %

The firm’s fifty day moving average is $22.88 and its 200 day moving average is $23.08.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Farmers National Bank boosted its holdings in shares of iShares iBonds Dec 2029 Term Corporate ETF by 9.1% during the 2nd quarter. Farmers National Bank now owns 37,893 shares of the company’s stock worth $859,000 after purchasing an additional 3,171 shares during the last quarter. Praetorian Wealth Management Inc. boosted its stake in iShares iBonds Dec 2029 Term Corporate ETF by 0.9% during the third quarter. Praetorian Wealth Management Inc. now owns 189,348 shares of the company’s stock worth $4,452,000 after buying an additional 1,770 shares during the last quarter. Adirondack Trust Co. increased its stake in shares of iShares iBonds Dec 2029 Term Corporate ETF by 108.9% in the 3rd quarter. Adirondack Trust Co. now owns 42,731 shares of the company’s stock worth $1,004,000 after acquiring an additional 22,271 shares during the last quarter. Bogart Wealth LLC boosted its position in shares of iShares iBonds Dec 2029 Term Corporate ETF by 15.2% during the 3rd quarter. Bogart Wealth LLC now owns 6,507 shares of the company’s stock valued at $153,000 after acquiring an additional 857 shares during the last quarter. Finally, Lyell Wealth Management LP raised its stake in iShares iBonds Dec 2029 Term Corporate ETF by 23.3% during the third quarter. Lyell Wealth Management LP now owns 305,924 shares of the company’s stock worth $7,192,000 after purchasing an additional 57,724 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.