iShares iBonds Dec 2028 Term Corporate ETF (NYSEARCA:IBDT) Sees Large Volume Increase – Should You Buy?

iShares iBonds Dec 2028 Term Corporate ETF (NYSEARCA:IBDT) saw strong trading volume on Monday . 1,363,073 shares were traded during trading, an increase of 122% from the previous session’s volume of 615,317 shares.The stock last traded at $25.4550 and had previously closed at $25.44.

iShares iBonds Dec 2028 Term Corporate ETF Price Performance

The stock has a fifty day simple moving average of $25.47 and a 200-day simple moving average of $25.43.

Institutional Trading of iShares iBonds Dec 2028 Term Corporate ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Confluence Investment Management LLC acquired a new position in shares of iShares iBonds Dec 2028 Term Corporate ETF in the third quarter worth about $10,198,000. Jones Financial Companies Lllp raised its holdings in iShares iBonds Dec 2028 Term Corporate ETF by 1,171.9% in the 1st quarter. Jones Financial Companies Lllp now owns 409,970 shares of the company’s stock worth $10,356,000 after purchasing an additional 377,738 shares during the period. Atlantic Union Bankshares Corp purchased a new position in iShares iBonds Dec 2028 Term Corporate ETF during the second quarter worth approximately $6,047,000. Captrust Financial Advisors grew its holdings in iShares iBonds Dec 2028 Term Corporate ETF by 46.6% in the third quarter. Captrust Financial Advisors now owns 740,071 shares of the company’s stock valued at $18,887,000 after purchasing an additional 235,224 shares during the period. Finally, Rebalance LLC increased its position in shares of iShares iBonds Dec 2028 Term Corporate ETF by 133.1% in the third quarter. Rebalance LLC now owns 393,956 shares of the company’s stock valued at $10,054,000 after buying an additional 224,974 shares in the last quarter.

iShares iBonds Dec 2028 Term Corporate ETF Company Profile

The iShares iBonds Dec 2028 Term Corporate ETF (IBDT) 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, 2028. IBDT was launched on Sep 18, 2018 and is managed by BlackRock.