iShares iBonds Dec 2029 Term Corporate ETF (NYSEARCA:IBDU) Sees Large Volume Increase – Here’s What Happened

iShares iBonds Dec 2029 Term Corporate ETF (NYSEARCA:IBDU) saw unusually-strong trading volume on Tuesday . Approximately 1,376,494 shares traded hands during mid-day trading, an increase of 269% from the previous session’s volume of 372,840 shares.The stock last traded at $23.04 and had previously closed at $23.06.

iShares iBonds Dec 2029 Term Corporate ETF Price Performance

The stock’s 50 day simple moving average is $23.14 and its two-hundred day simple moving average is $23.03.

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

Several large investors have recently added to or reduced their stakes in the company. Praetorian Wealth Management Inc. lifted its holdings in iShares iBonds Dec 2029 Term Corporate ETF by 0.9% during the third quarter. Praetorian Wealth Management Inc. now owns 189,348 shares of the company’s stock valued at $4,452,000 after purchasing an additional 1,770 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in shares of 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 buying an additional 2,395 shares in the last quarter. Comerica Bank boosted its holdings in iShares iBonds Dec 2029 Term Corporate ETF by 13.5% in the 1st 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 period. Peloton Wealth Strategists grew its stake in iShares iBonds Dec 2029 Term Corporate ETF by 3.7% in the 2nd 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 in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in iShares iBonds Dec 2029 Term Corporate ETF by 64.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 16,099 shares of the company’s stock valued at $365,000 after acquiring an additional 6,283 shares during the period.

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.