iShares iBonds Dec 2030 Term Corporate ETF (NYSEARCA:IBDV) Sees Unusually-High Trading Volume – Still a Buy?

iShares iBonds Dec 2030 Term Corporate ETF (NYSEARCA:IBDV) saw strong trading volume on Friday . 1,366,270 shares were traded during mid-day trading, an increase of 176% from the previous session’s volume of 494,163 shares.The stock last traded at $22.0350 and had previously closed at $22.14.

iShares iBonds Dec 2030 Term Corporate ETF Stock Performance

The stock’s 50-day moving average price is $22.12 and its two-hundred day moving average price is $22.02.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Farmers National Bank grew its stake in iShares iBonds Dec 2030 Term Corporate ETF by 6.3% in the third quarter. Farmers National Bank now owns 46,532 shares of the company’s stock worth $1,031,000 after purchasing an additional 2,754 shares during the period. Reliant Wealth Planning grew its position in iShares iBonds Dec 2030 Term Corporate ETF by 5.2% during the third quarter. Reliant Wealth Planning now owns 16,557 shares of the company’s stock valued at $367,000 after buying an additional 818 shares during the period. Peloton Wealth Strategists raised its stake in shares of iShares iBonds Dec 2030 Term Corporate ETF by 2.5% in the third quarter. Peloton Wealth Strategists now owns 296,250 shares of the company’s stock worth $6,562,000 after buying an additional 7,250 shares during the period. NewEdge Advisors LLC increased its stake in iShares iBonds Dec 2030 Term Corporate ETF by 37.9% in the 3rd quarter. NewEdge Advisors LLC now owns 949,500 shares of the company’s stock worth $21,031,000 after buying an additional 260,892 shares in the last quarter. Finally, American Trust bought a new stake in shares of iShares iBonds Dec 2030 Term Corporate ETF during the third quarter valued at approximately $370,000.

About iShares iBonds Dec 2030 Term Corporate ETF

The iShares iBonds Dec 2030 Term Corporate ETF (IBDV) 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. IBDV was launched on Jun 23, 2020 and is managed by BlackRock.