iShares iBonds Dec 2028 Term Corporate ETF (NYSEARCA:IBDT) Sees Unusually-High Trading Volume – Still a Buy?

iShares iBonds Dec 2028 Term Corporate ETF (NYSEARCA:IBDT) shares saw an uptick in trading volume on Thursday . 1,166,102 shares traded hands during trading, an increase of 118% from the previous session’s volume of 534,054 shares.The stock last traded at $24.97 and had previously closed at $24.95.

iShares iBonds Dec 2028 Term Corporate ETF Trading Up 0.1 %

The business’s fifty day simple moving average is $24.99 and its 200 day simple moving average is $25.15.

Institutional Investors Weigh In On iShares iBonds Dec 2028 Term Corporate ETF

Several hedge funds have recently bought and sold shares of IBDT. Coastline Trust Co acquired a new position in shares of iShares iBonds Dec 2028 Term Corporate ETF during the third quarter worth $31,000. First United Bank & Trust bought a new position in iShares iBonds Dec 2028 Term Corporate ETF during the 4th quarter valued at $48,000. Migdal Insurance & Financial Holdings Ltd. boosted its stake in shares of iShares iBonds Dec 2028 Term Corporate ETF by 10.8% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 5,130 shares of the company’s stock worth $131,000 after buying an additional 500 shares during the last quarter. Bogart Wealth LLC raised its stake in shares of iShares iBonds Dec 2028 Term Corporate ETF by 14.7% during the 3rd quarter. Bogart Wealth LLC now owns 6,166 shares of the company’s stock worth $157,000 after purchasing an additional 789 shares during the period. Finally, First Interstate Bank bought a new position in iShares iBonds Dec 2028 Term Corporate ETF during the third quarter valued at about $202,000.

iShares iBonds Dec 2028 Term Corporate ETF Company Profile

The iShares iBonds Dec 2028 Term Corporate ETF (IBDT) 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, 2028. IBDT was launched on Sep 18, 2018 and is managed by BlackRock.