iShares iBonds Dec 2024 Term Corporate ETF (NYSEARCA:IBDP) Sees Strong Trading Volume – Here’s What Happened

Shares of iShares iBonds Dec 2024 Term Corporate ETF (NYSEARCA:IBDP) saw an uptick in trading volume on Wednesday . 1,188,743 shares traded hands during mid-day trading, an increase of 97% from the previous session’s volume of 602,729 shares.The stock last traded at $25.16 and had previously closed at $25.17.

iShares iBonds Dec 2024 Term Corporate ETF Stock Performance

The firm’s 50 day simple moving average is $25.16 and its 200 day simple moving average is $25.12.

Institutional Trading of iShares iBonds Dec 2024 Term Corporate ETF

Several institutional investors have recently added to or reduced their stakes in IBDP. Captrust Financial Advisors lifted its holdings in iShares iBonds Dec 2024 Term Corporate ETF by 8.7% during the 1st quarter. Captrust Financial Advisors now owns 911,313 shares of the company’s stock valued at $22,828,000 after buying an additional 72,972 shares in the last quarter. RVW Wealth LLC raised its stake in shares of iShares iBonds Dec 2024 Term Corporate ETF by 37.9% during the second quarter. RVW Wealth LLC now owns 911,041 shares of the company’s stock valued at $22,894,000 after acquiring an additional 250,624 shares in the last quarter. Sonata Capital Group Inc. purchased a new stake in shares of iShares iBonds Dec 2024 Term Corporate ETF in the third quarter valued at approximately $5,489,000. PSI Advisors LLC grew its stake in iShares iBonds Dec 2024 Term Corporate ETF by 4.7% in the second quarter. PSI Advisors LLC now owns 124,987 shares of the company’s stock worth $3,141,000 after purchasing an additional 5,625 shares in the last quarter. Finally, Spinnaker Trust grew its stake in iShares iBonds Dec 2024 Term Corporate ETF by 1.2% in the second quarter. Spinnaker Trust now owns 124,538 shares of the company’s stock worth $3,130,000 after purchasing an additional 1,522 shares in the last quarter.

About iShares iBonds Dec 2024 Term Corporate ETF

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.