iShares iBonds Dec 2029 Term Corporate ETF (NYSEARCA:IBDU) Sees Unusually-High Trading Volume – Still a Buy?

Shares of iShares iBonds Dec 2029 Term Corporate ETF (NYSEARCA:IBDU) saw unusually-high trading volume on Wednesday . Approximately 1,431,109 shares were traded during mid-day trading, an increase of 101% from the previous session’s volume of 712,251 shares.The stock last traded at $22.76 and had previously closed at $22.73.

iShares iBonds Dec 2029 Term Corporate ETF Stock Up 0.1 %

The firm has a fifty day moving average of $22.93 and a 200-day moving average of $23.08.

Institutional Investors Weigh In On iShares iBonds Dec 2029 Term Corporate ETF

Institutional investors have recently made changes to their positions in the stock. Bogart Wealth LLC increased its holdings in shares of iShares iBonds Dec 2029 Term Corporate ETF by 15.2% in the third quarter. Bogart Wealth LLC now owns 6,507 shares of the company’s stock worth $153,000 after acquiring an additional 857 shares in the last quarter. Praetorian Wealth Management Inc. raised its position in iShares iBonds Dec 2029 Term Corporate ETF by 0.9% during the third quarter. Praetorian Wealth Management Inc. now owns 189,348 shares of the company’s stock worth $4,452,000 after acquiring an additional 1,770 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in 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 valued at $57,000 after acquiring an additional 2,395 shares during the last quarter. Farmers National Bank grew its position in shares of iShares iBonds Dec 2029 Term Corporate ETF by 9.1% in the 2nd quarter. Farmers National Bank now owns 37,893 shares of the company’s stock valued at $859,000 after acquiring an additional 3,171 shares during the period. Finally, Parallel Advisors LLC increased its stake in shares of iShares iBonds Dec 2029 Term Corporate ETF by 2.8% during the 2nd quarter. Parallel Advisors LLC now owns 127,476 shares of the company’s stock worth $2,890,000 after purchasing an additional 3,531 shares during the last quarter.

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.