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

Shares of iShares iBonds Dec 2029 Term Corporate ETF (NYSEARCA:IBDU) saw unusually-strong trading volume on Friday . Approximately 783,077 shares were traded during mid-day trading, an increase of 106% from the previous session’s volume of 380,463 shares.The stock last traded at $22.77 and had previously closed at $22.71.

iShares iBonds Dec 2029 Term Corporate ETF Trading Up 0.3 %

The business’s 50-day moving average is $23.03 and its 200-day moving average is $23.06.

Institutional Trading of iShares iBonds Dec 2029 Term Corporate ETF

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Confluence Investment Management LLC bought a new position in iShares iBonds Dec 2029 Term Corporate ETF during the third quarter worth about $5,798,000. Lyell Wealth Management LP raised its holdings in iShares iBonds Dec 2029 Term Corporate ETF by 23.3% during the 3rd quarter. Lyell Wealth Management LP now owns 305,924 shares of the company’s stock worth $7,192,000 after buying an additional 57,724 shares during the period. Adirondack Trust Co. lifted its stake in iShares iBonds Dec 2029 Term Corporate ETF by 108.9% in the third quarter. Adirondack Trust Co. now owns 42,731 shares of the company’s stock valued at $1,004,000 after buying an additional 22,271 shares in the last quarter. Spinnaker Trust boosted its holdings in shares of iShares iBonds Dec 2029 Term Corporate ETF by 70.2% in the third quarter. Spinnaker Trust now owns 53,268 shares of the company’s stock valued at $1,252,000 after buying an additional 21,971 shares during the period. Finally, Janney Montgomery Scott LLC increased its position in shares of iShares iBonds Dec 2029 Term Corporate ETF by 7.0% during the third quarter. Janney Montgomery Scott LLC now owns 321,808 shares of the company’s stock worth $7,566,000 after acquiring an additional 20,983 shares in 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.