iShares iBonds Dec 2032 Term Corporate ETF (NYSEARCA:IBDX) Sees Large Volume Increase – Still a Buy?

iShares iBonds Dec 2032 Term Corporate ETF (NYSEARCA:IBDX) saw strong trading volume on Tuesday . 270,110 shares traded hands during mid-day trading, an increase of 87% from the previous session’s volume of 144,591 shares.The stock last traded at $24.89 and had previously closed at $25.00.

iShares iBonds Dec 2032 Term Corporate ETF Stock Performance

The stock’s 50 day simple moving average is $25.39 and its two-hundred day simple moving average is $24.99.

Hedge Funds Weigh In On iShares iBonds Dec 2032 Term Corporate ETF

A number of hedge funds and other institutional investors have recently modified their holdings of IBDX. First PREMIER Bank acquired a new stake in shares of iShares iBonds Dec 2032 Term Corporate ETF during the third quarter worth approximately $46,000. Adirondack Trust Co. boosted its holdings in shares of iShares iBonds Dec 2032 Term Corporate ETF by 67.6% during the second quarter. Adirondack Trust Co. now owns 8,747 shares of the company’s stock worth $215,000 after purchasing an additional 3,529 shares during the period. Arkadios Wealth Advisors acquired a new stake in shares of iShares iBonds Dec 2032 Term Corporate ETF during the second quarter worth approximately $220,000. Comerica Bank boosted its holdings in shares of iShares iBonds Dec 2032 Term Corporate ETF by 64.7% during the first quarter. Comerica Bank now owns 15,076 shares of the company’s stock worth $374,000 after purchasing an additional 5,923 shares during the period. Finally, Princeton Global Asset Management LLC acquired a new stake in shares of iShares iBonds Dec 2032 Term Corporate ETF during the third quarter worth approximately $391,000.

iShares iBonds Dec 2032 Term Corporate ETF Company Profile

The iShares iBonds Dec 2032 Term Corporate ETF (IBDX) 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 January 1, 2032 and December 15, 2032. IBDX was launched on Jun 28, 2022 and is managed by BlackRock.