iShares iBonds Dec 2032 Term Corporate ETF (NYSEARCA:IBDX) Sees Strong Trading Volume – Here’s Why

iShares iBonds Dec 2032 Term Corporate ETF (NYSEARCA:IBDX) shares saw an uptick in trading volume on Tuesday . 270,110 shares were traded during mid-day trading, an increase of 87% from the previous session’s volume of 144,591 shares.The stock last traded at $24.89 and had previously closed at $25.00.

iShares iBonds Dec 2032 Term Corporate ETF Stock Down 0.0 %

The stock has a 50 day simple moving average of $25.36 and a two-hundred day simple moving average of $24.99.

Institutional Trading of iShares iBonds Dec 2032 Term Corporate ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. First PREMIER Bank purchased a new stake in shares of iShares iBonds Dec 2032 Term Corporate ETF in the 3rd quarter valued at about $46,000. Adirondack Trust Co. grew its position in iShares iBonds Dec 2032 Term Corporate ETF by 22.2% during the 3rd quarter. Adirondack Trust Co. now owns 10,692 shares of the company’s stock worth $275,000 after purchasing an additional 1,945 shares during the last quarter. Captrust Financial Advisors boosted its stake in shares of iShares iBonds Dec 2032 Term Corporate ETF by 14.9% during the third quarter. Captrust Financial Advisors now owns 30,683 shares of the company’s stock worth $789,000 after buying an additional 3,977 shares during the period. Archford Capital Strategies LLC increased its position in iShares iBonds Dec 2032 Term Corporate ETF by 5.8% in the 2nd quarter. Archford Capital Strategies LLC now owns 86,448 shares of the company’s stock valued at $2,123,000 after acquiring an additional 4,747 shares during the period. Finally, Farmers National Bank lifted its position in iShares iBonds Dec 2032 Term Corporate ETF by 55.7% during the 2nd quarter. Farmers National Bank now owns 15,462 shares of the company’s stock worth $380,000 after acquiring an additional 5,533 shares during the period.

About iShares iBonds Dec 2032 Term Corporate ETF

The iShares iBonds Dec 2032 Term Corporate ETF (IBDX) 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 January 1, 2032 and December 15, 2032. IBDX was launched on Jun 28, 2022 and is managed by BlackRock.