iShares iBonds Dec 2030 Term Corporate ETF (NYSEARCA:IBDV) Sees Strong Trading Volume – Still a Buy?

iShares iBonds Dec 2030 Term Corporate ETF (NYSEARCA:IBDV) saw unusually-high trading volume on Monday . Approximately 759,609 shares were traded during trading, an increase of 161% from the previous session’s volume of 291,377 shares.The stock last traded at $21.27 and had previously closed at $21.31.

iShares iBonds Dec 2030 Term Corporate ETF Stock Performance

The company’s 50-day moving average price is $21.61 and its 200-day moving average price is $21.68.

Institutional Investors Weigh In On iShares iBonds Dec 2030 Term Corporate ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Arrow Financial Corp boosted its holdings in shares of iShares iBonds Dec 2030 Term Corporate ETF by 1.3% in the third quarter. Arrow Financial Corp now owns 645,246 shares of the company’s stock valued at $14,305,000 after acquiring an additional 8,516 shares during the period. Buffington Mohr McNeal boosted its stake in iShares iBonds Dec 2030 Term Corporate ETF by 2.4% during the 3rd quarter. Buffington Mohr McNeal now owns 607,607 shares of the company’s stock worth $13,471,000 after purchasing an additional 14,142 shares during the period. Janney Montgomery Scott LLC grew its position in iShares iBonds Dec 2030 Term Corporate ETF by 5.3% during the 3rd quarter. Janney Montgomery Scott LLC now owns 327,867 shares of the company’s stock worth $7,269,000 after purchasing an additional 16,430 shares during the last quarter. Lyell Wealth Management LP increased its stake in iShares iBonds Dec 2030 Term Corporate ETF by 13.5% in the third quarter. Lyell Wealth Management LP now owns 268,570 shares of the company’s stock valued at $5,954,000 after purchasing an additional 31,925 shares during the period. Finally, Peloton Wealth Strategists raised its holdings in shares of iShares iBonds Dec 2030 Term Corporate ETF by 5.3% in the third quarter. Peloton Wealth Strategists now owns 193,900 shares of the company’s stock valued at $4,299,000 after buying an additional 9,700 shares during the last quarter.

iShares iBonds Dec 2030 Term Corporate ETF Company Profile

The iShares iBonds Dec 2030 Term Corporate ETF (IBDV) 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. IBDV was launched on Jun 23, 2020 and is managed by BlackRock.