iShares iBonds Dec 2029 Term Corporate ETF (NYSEARCA:IBDU) Sees Strong Trading Volume – Should You Buy?

Shares of iShares iBonds Dec 2029 Term Corporate ETF (NYSEARCA:IBDU) saw unusually-high trading volume on Friday . Approximately 1,356,069 shares traded hands during mid-day trading, an increase of 240% from the previous session’s volume of 398,776 shares.The stock last traded at $22.77 and had previously closed at $22.79.

iShares iBonds Dec 2029 Term Corporate ETF Stock Down 0.1 %

The company has a fifty day moving average price of $22.98 and a two-hundred day moving average price of $23.07.

Institutional Investors Weigh In On iShares iBonds Dec 2029 Term Corporate ETF

Several large investors have recently modified their holdings of the stock. JPMorgan Chase & Co. boosted its position in shares of iShares iBonds Dec 2029 Term Corporate ETF by 16,778.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 242,371 shares of the company’s stock valued at $5,698,000 after purchasing an additional 240,935 shares during the period. Peloton Wealth Strategists boosted its holdings in shares of iShares iBonds Dec 2029 Term Corporate ETF by 3.0% in the third quarter. Peloton Wealth Strategists now owns 272,895 shares of the company’s stock worth $6,416,000 after buying an additional 7,895 shares during the period. Integrated Wealth Concepts LLC raised its holdings in shares of iShares iBonds Dec 2029 Term Corporate ETF by 28.9% during the third quarter. Integrated Wealth Concepts LLC now owns 31,710 shares of the company’s stock valued at $746,000 after acquiring an additional 7,107 shares during the period. Captrust Financial Advisors lifted its position in shares of iShares iBonds Dec 2029 Term Corporate ETF by 19.5% in the 3rd quarter. Captrust Financial Advisors now owns 49,451 shares of the company’s stock valued at $1,163,000 after acquiring an additional 8,053 shares in the last quarter. Finally, Arrow Financial Corp raised its stake in iShares iBonds Dec 2029 Term Corporate ETF by 1.5% during the 3rd quarter. Arrow Financial Corp now owns 598,293 shares of the company’s stock valued at $14,066,000 after purchasing an additional 8,789 shares during the period.

About iShares iBonds Dec 2029 Term Corporate ETF

The iShares iBonds Dec 2029 Term Corporate ETF (IBDU) 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, 2029. IBDU was launched on Sep 17, 2019 and is managed by BlackRock.