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

iShares iBonds Dec 2029 Term Corporate ETF (NYSEARCA:IBDU) saw unusually-high trading volume on Tuesday . Approximately 1,577,974 shares were traded during 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 company’s 50 day moving average price is $22.88 and its two-hundred day moving average price is $23.08.

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

A number of institutional investors have recently bought and sold shares of the stock. First United Bank & Trust purchased a new position in shares of iShares iBonds Dec 2029 Term Corporate ETF during the 4th quarter valued at about $47,000. Farther Finance Advisors LLC increased 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 purchasing an additional 2,395 shares in the last quarter. Princeton Global Asset Management LLC raised its position in shares of iShares iBonds Dec 2029 Term Corporate ETF by 513.3% during the 4th quarter. Princeton Global Asset Management LLC now owns 2,760 shares of the company’s stock valued at $63,000 after purchasing an additional 2,310 shares during the period. Barrett & Company Inc. lifted its stake in shares of iShares iBonds Dec 2029 Term Corporate ETF by 200.0% during the 4th quarter. Barrett & Company Inc. now owns 3,000 shares of the company’s stock valued at $68,000 after buying an additional 2,000 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in iShares iBonds Dec 2029 Term Corporate ETF in the 4th quarter worth $150,000.

About iShares iBonds Dec 2029 Term Corporate ETF

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.