iShares iBonds Dec 2032 Term Corporate ETF (NYSEARCA:IBDX) Sees Large Volume Increase – Should You Buy?

Shares of iShares iBonds Dec 2032 Term Corporate ETF (NYSEARCA:IBDX) saw unusually-strong trading volume on Tuesday . Approximately 312,867 shares were traded during trading, an increase of 60% from the previous session’s volume of 195,702 shares.The stock last traded at $25.02 and had previously closed at $25.03.

iShares iBonds Dec 2032 Term Corporate ETF Trading Down 0.2 %

The company has a fifty day moving average of $24.65 and a 200 day moving average of $25.04.

Institutional Investors Weigh In On iShares iBonds Dec 2032 Term Corporate ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ameriprise Financial Inc. increased its holdings in shares of iShares iBonds Dec 2032 Term Corporate ETF by 1,327.4% in the fourth quarter. Ameriprise Financial Inc. now owns 598,242 shares of the company’s stock valued at $14,705,000 after buying an additional 556,331 shares in the last quarter. Confluence Investment Management LLC purchased a new position in shares of iShares iBonds Dec 2032 Term Corporate ETF during the 3rd quarter valued at $10,525,000. Parallel Advisors LLC grew its holdings in shares of iShares iBonds Dec 2032 Term Corporate ETF by 20.1% during the 4th quarter. Parallel Advisors LLC now owns 207,065 shares of the company’s stock valued at $5,090,000 after acquiring an additional 34,713 shares in the last quarter. Flow Traders U.S. LLC boosted its holdings in iShares iBonds Dec 2032 Term Corporate ETF by 220.4% in the third quarter. Flow Traders U.S. LLC now owns 36,234 shares of the company’s stock worth $932,000 after purchasing an additional 24,924 shares in the last quarter. Finally, Adirondack Trust Co. boosted its holdings in iShares iBonds Dec 2032 Term Corporate ETF by 190.4% in the fourth quarter. Adirondack Trust Co. now owns 31,053 shares of the company’s stock worth $763,000 after purchasing an additional 20,361 shares in the last quarter.

iShares iBonds Dec 2032 Term Corporate ETF Company Profile

The iShares iBonds Dec 2032 Term Corporate ETF (IBDX) 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 January 1, 2032 and December 15, 2032. IBDX was launched on Jun 28, 2022 and is managed by BlackRock.