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

iShares iBonds Dec 2029 Term Corporate ETF (NYSEARCA:IBDU) saw strong trading volume on Wednesday . 3,819,217 shares traded hands during trading, an increase of 413% from the previous session’s volume of 745,106 shares.The stock last traded at $22.88 and had previously closed at $22.88.

iShares iBonds Dec 2029 Term Corporate ETF Trading Up 0.1 %

The stock’s 50-day moving average is $22.83 and its 200 day moving average is $23.08.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Bogart Wealth LLC boosted its stake in shares of iShares iBonds Dec 2029 Term Corporate ETF by 15.2% in the 3rd quarter. Bogart Wealth LLC now owns 6,507 shares of the company’s stock valued at $153,000 after purchasing an additional 857 shares in the last quarter. Lyell Wealth Management LP boosted its holdings in iShares iBonds Dec 2029 Term Corporate ETF by 23.3% in the third quarter. Lyell Wealth Management LP now owns 305,924 shares of the company’s stock valued at $7,192,000 after acquiring an additional 57,724 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in 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 valued at $57,000 after buying an additional 2,395 shares during the period. First Interstate Bank bought a new position in iShares iBonds Dec 2029 Term Corporate ETF during the third quarter worth about $204,000. Finally, Janney Montgomery Scott LLC increased its stake in iShares iBonds Dec 2029 Term Corporate ETF by 7.0% in the third quarter. Janney Montgomery Scott LLC now owns 321,808 shares of the company’s stock valued at $7,566,000 after purchasing an additional 20,983 shares in the last quarter.

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.