iShares iBonds Dec 2024 Term Corporate ETF (NYSEARCA:IBDP) Sees Strong Trading Volume

iShares iBonds Dec 2024 Term Corporate ETF (NYSEARCA:IBDP) saw unusually-high trading volume on Thursday . Approximately 1,734,792 shares were traded during trading, an increase of 246% from the previous session’s volume of 500,677 shares.The stock last traded at $25.16 and had previously closed at $25.15.

iShares iBonds Dec 2024 Term Corporate ETF Stock Performance

The firm’s 50-day moving average is $25.11 and its 200-day moving average is $25.06.

Institutional Investors Weigh In On iShares iBonds Dec 2024 Term Corporate ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Bogart Wealth LLC grew its holdings in shares of iShares iBonds Dec 2024 Term Corporate ETF by 77.1% during the fourth quarter. Bogart Wealth LLC now owns 4,493 shares of the company’s stock valued at $112,000 after buying an additional 1,956 shares during the last quarter. BNP Paribas Financial Markets purchased a new stake in shares of iShares iBonds Dec 2024 Term Corporate ETF during the first quarter valued at approximately $118,000. First Horizon Advisors Inc. purchased a new stake in shares of iShares iBonds Dec 2024 Term Corporate ETF during the fourth quarter valued at approximately $121,000. Adirondack Trust Co. grew its holdings in shares of iShares iBonds Dec 2024 Term Corporate ETF by 216.7% during the fourth quarter. Adirondack Trust Co. now owns 7,168 shares of the company’s stock valued at $179,000 after buying an additional 4,905 shares during the last quarter. Finally, Godshalk Welsh Capital Management Inc. purchased a new stake in shares of iShares iBonds Dec 2024 Term Corporate ETF during the second quarter valued at approximately $209,000.

iShares iBonds Dec 2024 Term Corporate ETF Company Profile

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.