iShares iBonds Dec 2031 Term Corporate ETF (NYSEARCA:IBDW) Sees Large Volume Increase – Still a Buy?

iShares iBonds Dec 2031 Term Corporate ETF (NYSEARCA:IBDW) shares saw unusually-strong trading volume on Wednesday . Approximately 534,845 shares changed hands during trading, an increase of 111% from the previous session’s volume of 253,805 shares.The stock last traded at $20.65 and had previously closed at $20.67.

iShares iBonds Dec 2031 Term Corporate ETF Trading Up 0.5 %

The company has a 50 day moving average of $20.56 and a two-hundred day moving average of $20.66.

Institutional Investors Weigh In On iShares iBonds Dec 2031 Term Corporate ETF

Institutional investors have recently bought and sold shares of the business. Motley Fool Wealth Management LLC bought a new stake in iShares iBonds Dec 2031 Term Corporate ETF in the fourth quarter worth approximately $13,802,000. Ameriprise Financial Inc. increased its position in iShares iBonds Dec 2031 Term Corporate ETF by 137.3% during the fourth quarter. Ameriprise Financial Inc. now owns 792,563 shares of the company’s stock worth $16,136,000 after buying an additional 458,522 shares during the last quarter. Lyell Wealth Management LP raised its holdings in iShares iBonds Dec 2031 Term Corporate ETF by 42.9% during the fourth quarter. Lyell Wealth Management LP now owns 236,975 shares of the company’s stock valued at $4,822,000 after buying an additional 71,175 shares in the last quarter. Adirondack Trust Co. increased its holdings in shares of iShares iBonds Dec 2031 Term Corporate ETF by 80.4% during the 4th quarter. Adirondack Trust Co. now owns 100,915 shares of the company’s stock valued at $2,053,000 after acquiring an additional 44,973 shares during the last quarter. Finally, Parallel Advisors LLC boosted its holdings in shares of iShares iBonds Dec 2031 Term Corporate ETF by 19.5% during the 4th quarter. Parallel Advisors LLC now owns 254,468 shares of the company’s stock worth $5,178,000 after buying an additional 41,435 shares during the period.

About iShares iBonds Dec 2031 Term Corporate ETF

The iShares iBonds Dec 2031 Term Corporate ETF (IBDW) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a Bloomberg index composed of USD-denominated, investment-grade corporate bonds maturing between January 1, 2031 and December 15, 2031. IBDW was launched on Jun 22, 2021 and is managed by BlackRock.