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

iShares iBonds Dec 2029 Term Corporate ETF (NYSEARCA:IBDU) saw an uptick in trading volume on Tuesday . 1,411,161 shares traded hands during mid-day trading, an increase of 291% from the previous session’s volume of 361,370 shares.The stock last traded at $22.92 and had previously closed at $22.99.

iShares iBonds Dec 2029 Term Corporate ETF Stock Performance

The stock’s 50-day simple moving average is $23.28 and its 200 day simple moving average is $22.98.

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

Several hedge funds have recently modified their holdings of the stock. Praetorian Wealth Management Inc. increased its stake in iShares iBonds Dec 2029 Term Corporate ETF by 0.9% in the 3rd quarter. Praetorian Wealth Management Inc. now owns 189,348 shares of the company’s stock valued at $4,452,000 after buying an additional 1,770 shares during the period. Comerica Bank lifted its stake in shares of iShares iBonds Dec 2029 Term Corporate ETF by 13.5% in the 1st quarter. Comerica Bank now owns 25,424 shares of the company’s stock valued at $580,000 after purchasing an additional 3,025 shares during the period. Peloton Wealth Strategists grew its position in shares of iShares iBonds Dec 2029 Term Corporate ETF by 3.7% in the 2nd quarter. Peloton Wealth Strategists now owns 265,000 shares of the company’s stock valued at $6,008,000 after purchasing an additional 9,500 shares during the period. Bank of New York Mellon Corp lifted its position in shares of iShares iBonds Dec 2029 Term Corporate ETF by 64.0% in the second quarter. Bank of New York Mellon Corp now owns 16,099 shares of the company’s stock worth $365,000 after purchasing an additional 6,283 shares in the last quarter. Finally, Montecito Bank & Trust lifted its stake in iShares iBonds Dec 2029 Term Corporate ETF by 32.3% in the 2nd quarter. Montecito Bank & Trust now owns 18,240 shares of the company’s stock valued at $414,000 after purchasing an additional 4,456 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.