iShares iBonds Dec 2033 Term Corporate ETF (NYSEARCA:IBDY) Sees Large Volume Increase – Still a Buy?

iShares iBonds Dec 2033 Term Corporate ETF (NYSEARCA:IBDY) saw unusually-strong trading volume on Thursday . Approximately 232,581 shares traded hands during mid-day trading, an increase of 76% from the previous session’s volume of 132,389 shares.The stock last traded at $25.39 and had previously closed at $25.49.

iShares iBonds Dec 2033 Term Corporate ETF Stock Down 0.1 %

The firm has a 50 day moving average of $25.22 and a two-hundred day moving average of $25.62.

Institutional Investors Weigh In On iShares iBonds Dec 2033 Term Corporate ETF

A number of large investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. acquired a new stake in shares of iShares iBonds Dec 2033 Term Corporate ETF during the third quarter worth $1,930,000. Adirondack Trust Co. boosted its holdings in shares of iShares iBonds Dec 2033 Term Corporate ETF by 183.7% during the fourth quarter. Adirondack Trust Co. now owns 20,077 shares of the company’s stock worth $504,000 after purchasing an additional 13,000 shares during the last quarter. Confluence Investment Management LLC boosted its holdings in shares of iShares iBonds Dec 2033 Term Corporate ETF by 0.8% during the fourth quarter. Confluence Investment Management LLC now owns 311,170 shares of the company’s stock worth $7,810,000 after purchasing an additional 2,547 shares during the last quarter. Captrust Financial Advisors boosted its holdings in shares of iShares iBonds Dec 2033 Term Corporate ETF by 7.1% during the third quarter. Captrust Financial Advisors now owns 27,888 shares of the company’s stock worth $736,000 after purchasing an additional 1,840 shares during the last quarter. Finally, Flow Traders U.S. LLC acquired a new stake in shares of iShares iBonds Dec 2033 Term Corporate ETF during the third quarter worth $1,487,000.

iShares iBonds Dec 2033 Term Corporate ETF Company Profile

The iShares iBonds Dec 2033 Term Corporate ETF (IBDY) 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, 2033, and December 15, 2033. IBDY was launched on Jun 21, 2023 and is managed by BlackRock.