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) saw an uptick in trading volume on Tuesday . 1,577,974 shares changed hands during trading, an increase of 137% from the previous session’s volume of 666,451 shares.The stock last traded at $22.92 and had previously closed at $22.93.

iShares iBonds Dec 2029 Term Corporate ETF Price Performance

The firm’s fifty day moving average price is $22.88 and its 200 day moving average price is $23.08.

Hedge Funds Weigh In On iShares iBonds Dec 2029 Term Corporate ETF

A number of large investors have recently added to or reduced their stakes in IBDU. JPMorgan Chase & Co. lifted its holdings in shares of iShares iBonds Dec 2029 Term Corporate ETF by 16,778.2% during the third quarter. JPMorgan Chase & Co. now owns 242,371 shares of the company’s stock worth $5,698,000 after purchasing an additional 240,935 shares during the period. Praetorian Wealth Management Inc. lifted its holdings in shares of 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. Farther Finance Advisors LLC boosted its stake in shares of iShares iBonds Dec 2029 Term Corporate ETF by 6,842.9% in the third quarter. Farther Finance Advisors LLC now owns 2,430 shares of the company’s stock worth $57,000 after buying an additional 2,395 shares during the last quarter. Integrated Wealth Concepts LLC boosted its stake in shares of iShares iBonds Dec 2029 Term Corporate ETF by 28.9% in the third quarter. Integrated Wealth Concepts LLC now owns 31,710 shares of the company’s stock worth $746,000 after buying an additional 7,107 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its holdings in iShares iBonds Dec 2029 Term Corporate ETF by 22.0% during the fourth quarter. Janney Montgomery Scott LLC now owns 392,459 shares of the company’s stock worth $8,948,000 after acquiring an additional 70,651 shares during the period.

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.