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

iShares iBonds Dec 2029 Term Corporate ETF (NYSEARCA:IBDU) shares saw strong trading volume on Wednesday . 1,349,061 shares traded hands during mid-day trading, an increase of 266% from the previous session’s volume of 368,373 shares.The stock last traded at $22.95 and had previously closed at $22.96.

iShares iBonds Dec 2029 Term Corporate ETF Stock Down 0.2 %

The company’s 50 day moving average is $23.22 and its 200-day moving average is $23.00.

Institutional Trading of iShares iBonds Dec 2029 Term Corporate ETF

Hedge funds have recently added to or reduced their stakes in the stock. Praetorian Wealth Management Inc. grew its stake in iShares iBonds Dec 2029 Term Corporate ETF by 0.9% in the third quarter. Praetorian Wealth Management Inc. now owns 189,348 shares of the company’s stock valued at $4,452,000 after acquiring an additional 1,770 shares during the period. Farther Finance Advisors LLC increased its stake in iShares iBonds Dec 2029 Term Corporate ETF by 6,842.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,430 shares of the company’s stock valued at $57,000 after purchasing an additional 2,395 shares in the last quarter. Comerica Bank raised its holdings in iShares iBonds Dec 2029 Term Corporate ETF by 13.5% during the first quarter. Comerica Bank now owns 25,424 shares of the company’s stock worth $580,000 after buying an additional 3,025 shares during the last quarter. Peloton Wealth Strategists grew its holdings in shares of iShares iBonds Dec 2029 Term Corporate ETF by 3.7% during the second quarter. Peloton Wealth Strategists now owns 265,000 shares of the company’s stock valued at $6,008,000 after buying an additional 9,500 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of iShares iBonds Dec 2029 Term Corporate ETF by 64.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 16,099 shares of the company’s stock worth $365,000 after acquiring an additional 6,283 shares during the last quarter.

iShares iBonds Dec 2029 Term Corporate ETF Company Profile

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.