iShares iBonds Dec 2031 Term Corporate ETF (NYSEARCA:IBDW) Sees Unusually-High Trading Volume – What’s Next?

iShares iBonds Dec 2031 Term Corporate ETF (NYSEARCA:IBDW) shares saw strong trading volume on Tuesday . 709,048 shares were traded during mid-day trading, an increase of 200% from the previous session’s volume of 236,165 shares.The stock last traded at $20.57 and had previously closed at $20.63.

iShares iBonds Dec 2031 Term Corporate ETF Stock Performance

The company has a 50 day simple moving average of $20.96 and a two-hundred day simple moving average of $20.63.

Institutional Investors Weigh In On iShares iBonds Dec 2031 Term Corporate ETF

Several hedge funds and other institutional investors have recently bought and sold shares of IBDW. Arrow Financial Corp lifted its position in shares of iShares iBonds Dec 2031 Term Corporate ETF by 1.3% during the 3rd quarter. Arrow Financial Corp now owns 679,681 shares of the company’s stock worth $14,423,000 after purchasing an additional 8,771 shares during the last quarter. Buffington Mohr McNeal grew its position in shares of iShares iBonds Dec 2031 Term Corporate ETF by 4.0% in the third quarter. Buffington Mohr McNeal now owns 642,523 shares of the company’s stock valued at $13,634,000 after purchasing an additional 24,837 shares during the period. Confluence Investment Management LLC acquired a new position in shares of iShares iBonds Dec 2031 Term Corporate ETF in the 3rd quarter valued at about $10,475,000. Janney Montgomery Scott LLC increased its position in iShares iBonds Dec 2031 Term Corporate ETF by 5.8% during the 3rd quarter. Janney Montgomery Scott LLC now owns 337,146 shares of the company’s stock worth $7,154,000 after purchasing an additional 18,403 shares in the last quarter. Finally, Lyell Wealth Management LP raised its stake in shares of iShares iBonds Dec 2031 Term Corporate ETF by 501.8% in the 3rd quarter. Lyell Wealth Management LP now owns 165,800 shares of the company’s stock valued at $3,518,000 after acquiring an additional 138,250 shares during the period.

iShares iBonds Dec 2031 Term Corporate ETF Company Profile

The iShares iBonds Dec 2031 Term Corporate ETF (IBDW) 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, 2031 and December 15, 2031. IBDW was launched on Jun 22, 2021 and is managed by BlackRock.