iShares iBonds Dec 2024 Term Corporate ETF (NYSEARCA:IBDP) Sees Strong Trading Volume – Should You Buy?

iShares iBonds Dec 2024 Term Corporate ETF (NYSEARCA:IBDP) shares saw unusually-high trading volume on Tuesday . Approximately 1,144,201 shares changed hands during trading, an increase of 91% from the previous session’s volume of 598,189 shares.The stock last traded at $25.15 and had previously closed at $25.14.

iShares iBonds Dec 2024 Term Corporate ETF Stock Performance

The business’s 50 day simple moving average is $25.15 and its 200-day simple moving average is $25.12.

Institutional Trading of iShares iBonds Dec 2024 Term Corporate ETF

Several hedge funds have recently added to or reduced their stakes in IBDP. Kennebec Savings Bank acquired a new position in iShares iBonds Dec 2024 Term Corporate ETF during the 3rd quarter valued at about $29,000. BNP Paribas Financial Markets bought a new stake in iShares iBonds Dec 2024 Term Corporate ETF during the first quarter worth approximately $118,000. Godshalk Welsh Capital Management Inc. acquired a new stake in iShares iBonds Dec 2024 Term Corporate ETF in the second quarter worth approximately $209,000. Arkadios Wealth Advisors bought a new position in iShares iBonds Dec 2024 Term Corporate ETF during the 3rd quarter valued at $315,000. Finally, Farther Finance Advisors LLC increased its position in shares of iShares iBonds Dec 2024 Term Corporate ETF by 2.0% during the 2nd quarter. Farther Finance Advisors LLC now owns 20,511 shares of the company’s stock valued at $514,000 after purchasing an additional 398 shares during the period.

About iShares iBonds Dec 2024 Term Corporate ETF

The iShares iBonds Dec 2024 Term Corporate ETF (IBDP) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a global index of USD-denominated, investment-grade corporate bonds maturing between Dec 31, 2023 and Jan 1, 2025. IBDP was launched on Mar 11, 2015 and is managed by BlackRock.