iShares iBonds Dec 2033 Term Corporate ETF (NYSEARCA:IBDY) Sees Large Volume Increase – Still a Buy?

Shares of iShares iBonds Dec 2033 Term Corporate ETF (NYSEARCA:IBDY) saw unusually-strong trading volume on Thursday . Approximately 295,374 shares traded hands during trading, an increase of 49% from the previous session’s volume of 198,195 shares.The stock last traded at $25.72 and had previously closed at $25.81.

iShares iBonds Dec 2033 Term Corporate ETF Price Performance

The firm has a 50-day moving average price of $26.11 and a 200 day moving average price of $26.18.

Institutional Trading of iShares iBonds Dec 2033 Term Corporate ETF

Several institutional investors have recently added to or reduced their stakes in the business. Arrow Financial Corp raised its holdings in shares of iShares iBonds Dec 2033 Term Corporate ETF by 0.8% during the fourth quarter. Arrow Financial Corp now owns 555,895 shares of the company’s stock worth $14,531,000 after purchasing an additional 4,543 shares during the period. Ameriprise Financial Inc. grew its position in shares of iShares iBonds Dec 2033 Term Corporate ETF by 214.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 553,935 shares of the company’s stock valued at $14,530,000 after buying an additional 377,989 shares during the last quarter. Janney Montgomery Scott LLC grew its position in shares of iShares iBonds Dec 2033 Term Corporate ETF by 7.5% during the 4th quarter. Janney Montgomery Scott LLC now owns 359,078 shares of the company’s stock valued at $9,386,000 after buying an additional 25,176 shares during the last quarter. Parallel Advisors LLC raised its stake in iShares iBonds Dec 2033 Term Corporate ETF by 6.6% during the fourth quarter. Parallel Advisors LLC now owns 210,833 shares of the company’s stock worth $5,511,000 after acquiring an additional 12,966 shares during the period. Finally, Lyell Wealth Management LP lifted its holdings in iShares iBonds Dec 2033 Term Corporate ETF by 46.8% in the fourth quarter. Lyell Wealth Management LP now owns 173,645 shares of the company’s stock worth $4,539,000 after acquiring an additional 55,375 shares during the last quarter.

About iShares iBonds Dec 2033 Term Corporate ETF

The iShares iBonds Dec 2033 Term Corporate ETF (IBDY) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a Bloomberg index composed of USD-denominated, investment-grade corporate bonds maturing between January 1, 2033, and December 15, 2033. IBDY was launched on Jun 21, 2023 and is managed by BlackRock.