iShares iBonds Dec 2029 Term Corporate ETF (NYSEARCA:IBDU) Sees Unusually-High Trading Volume – Still a Buy?

Shares of iShares iBonds Dec 2029 Term Corporate ETF (NYSEARCA:IBDU) saw strong trading volume on Wednesday . 1,431,109 shares were traded during trading, an increase of 101% from the previous session’s volume of 712,251 shares.The stock last traded at $22.76 and had previously closed at $22.73.

iShares iBonds Dec 2029 Term Corporate ETF Stock Performance

The firm has a 50 day moving average price of $22.92 and a 200 day moving average price of $23.07.

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

A number of large investors have recently bought and sold shares of IBDU. Farther Finance Advisors LLC grew its position in shares of 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 worth $57,000 after buying an additional 2,395 shares during the last quarter. Bogart Wealth LLC boosted its stake in 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 valued at $153,000 after acquiring an additional 857 shares in the last quarter. First Interstate Bank purchased a new position in iShares iBonds Dec 2029 Term Corporate ETF in the third quarter worth $204,000. Bank of New York Mellon Corp increased its position 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 purchasing an additional 6,283 shares in the last quarter. Finally, Leavell Investment Management Inc. purchased a new stake in shares of iShares iBonds Dec 2029 Term Corporate ETF during the 3rd 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.