iShares iBonds Dec 2031 Term Corporate ETF (NYSEARCA:IBDW) Sees Unusually-High Trading Volume – Should You Buy?

Shares of iShares iBonds Dec 2031 Term Corporate ETF (NYSEARCA:IBDW) saw strong trading volume on Tuesday . 1,039,252 shares were traded during mid-day trading, an increase of 338% from the previous session’s volume of 237,031 shares.The stock last traded at $20.72 and had previously closed at $20.75.

iShares iBonds Dec 2031 Term Corporate ETF Trading Down 0.2 %

The company has a 50 day simple moving average of $20.79 and a 200-day simple moving average of $20.69.

Institutional Trading of iShares iBonds Dec 2031 Term Corporate ETF

A number of institutional investors and hedge funds have recently modified their holdings of the business. Integrated Wealth Concepts LLC boosted its holdings in shares of iShares iBonds Dec 2031 Term Corporate ETF by 9.2% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 26,762 shares of the company’s stock valued at $568,000 after buying an additional 2,252 shares during the period. Farmers National Bank raised its position in shares of iShares iBonds Dec 2031 Term Corporate ETF by 8.9% during the 2nd quarter. Farmers National Bank now owns 33,468 shares of the company’s stock worth $679,000 after purchasing an additional 2,728 shares during the period. Princeton Global Asset Management LLC lifted its holdings in shares of iShares iBonds Dec 2031 Term Corporate ETF by 112.4% in the 3rd quarter. Princeton Global Asset Management LLC now owns 6,562 shares of the company’s stock worth $139,000 after purchasing an additional 3,473 shares during the last quarter. Farther Finance Advisors LLC acquired a new position in iShares iBonds Dec 2031 Term Corporate ETF during the 3rd quarter valued at approximately $92,000. Finally, Archford Capital Strategies LLC increased its position in iShares iBonds Dec 2031 Term Corporate ETF by 4.7% in the second quarter. Archford Capital Strategies LLC now owns 116,283 shares of the company’s stock worth $2,359,000 after buying an additional 5,223 shares during the period.

About iShares iBonds Dec 2031 Term Corporate ETF

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.