iShares iBonds Dec 2029 Term Corporate ETF (NYSEARCA:IBDU) Sees Unusually-High Trading Volume – What’s Next?

Shares of iShares iBonds Dec 2029 Term Corporate ETF (NYSEARCA:IBDU) saw an uptick in trading volume on Tuesday . 1,411,161 shares were traded during mid-day trading, an increase of 291% from the previous session’s volume of 361,370 shares.The stock last traded at $22.92 and had previously closed at $22.99.

iShares iBonds Dec 2029 Term Corporate ETF Stock Down 0.1 %

The business has a fifty day simple moving average of $23.26 and a 200-day simple moving average of $22.98.

Institutional Trading of iShares iBonds Dec 2029 Term Corporate ETF

Several hedge funds and other institutional investors have recently made changes to their positions in IBDU. Bogart Wealth LLC increased its holdings in iShares iBonds Dec 2029 Term Corporate ETF by 15.2% in the 3rd quarter. Bogart Wealth LLC now owns 6,507 shares of the company’s stock worth $153,000 after buying an additional 857 shares in the last quarter. Archford Capital Strategies LLC raised its holdings in iShares iBonds Dec 2029 Term Corporate ETF by 3.0% in the 2nd quarter. Archford Capital Strategies LLC now owns 58,659 shares of the company’s stock worth $1,330,000 after purchasing an additional 1,717 shares during the period. Praetorian Wealth Management Inc. increased its position in iShares iBonds Dec 2029 Term Corporate ETF by 0.9% in 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 in the last quarter. Farther Finance Advisors LLC raised its stake in shares of iShares iBonds Dec 2029 Term Corporate ETF by 6,842.9% in the third 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 period. Finally, Adirondack Trust Co. grew its stake in shares of iShares iBonds Dec 2029 Term Corporate ETF by 17.0% during the 2nd quarter. Adirondack Trust Co. now owns 20,460 shares of the company’s stock valued at $464,000 after acquiring an additional 2,968 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.