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

Shares of iShares iBonds Dec 2029 Term Corporate ETF (NYSEARCA:IBDU) saw strong trading volume on Friday . 783,077 shares changed hands during 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 Price Performance

The stock’s 50-day moving average is $23.02 and its 200-day moving average is $23.07.

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

Institutional investors have recently added to or reduced their stakes in the company. Peloton Wealth Strategists boosted its stake in iShares iBonds Dec 2029 Term Corporate ETF by 3.0% during the third quarter. Peloton Wealth Strategists now owns 272,895 shares of the company’s stock valued at $6,416,000 after buying an additional 7,895 shares in the last quarter. Integrated Wealth Concepts LLC boosted its position in shares of iShares iBonds Dec 2029 Term Corporate ETF by 28.9% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 31,710 shares of the company’s stock valued at $746,000 after purchasing an additional 7,107 shares in the last quarter. Captrust Financial Advisors grew its stake in shares of iShares iBonds Dec 2029 Term Corporate ETF by 19.5% in the 3rd quarter. Captrust Financial Advisors now owns 49,451 shares of the company’s stock worth $1,163,000 after purchasing an additional 8,053 shares during the last quarter. Arrow Financial Corp raised its holdings in shares of iShares iBonds Dec 2029 Term Corporate ETF by 1.5% in the 3rd quarter. Arrow Financial Corp now owns 598,293 shares of the company’s stock worth $14,066,000 after purchasing an additional 8,789 shares in the last quarter. Finally, Leavell Investment Management Inc. bought a new stake in shares of iShares iBonds Dec 2029 Term Corporate ETF in the 3rd quarter worth approximately $428,000.

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.