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

Shares of iShares iBonds Dec 2029 Term Corporate ETF (NYSEARCA:IBDU) saw unusually-high trading volume on Tuesday . Approximately 1,577,974 shares traded hands during mid-day trading, an increase of 137% from the previous session’s volume of 666,451 shares.The stock last traded at $22.92 and had previously closed at $22.93.

iShares iBonds Dec 2029 Term Corporate ETF Price Performance

The business has a 50 day simple moving average of $22.88 and a two-hundred day simple moving average of $23.08.

Hedge Funds Weigh In On iShares iBonds Dec 2029 Term Corporate ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. First United Bank & Trust purchased a new stake in shares of iShares iBonds Dec 2029 Term Corporate ETF in the 4th quarter worth approximately $47,000. Farther Finance Advisors LLC increased its holdings in shares of iShares iBonds Dec 2029 Term Corporate ETF by 6,842.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,430 shares of the company’s stock valued at $57,000 after acquiring an additional 2,395 shares during the period. Princeton Global Asset Management LLC increased its holdings in shares of iShares iBonds Dec 2029 Term Corporate ETF by 513.3% in the 4th quarter. Princeton Global Asset Management LLC now owns 2,760 shares of the company’s stock valued at $63,000 after acquiring an additional 2,310 shares during the period. Barrett & Company Inc. raised its position in shares of iShares iBonds Dec 2029 Term Corporate ETF by 200.0% in the 4th quarter. Barrett & Company Inc. now owns 3,000 shares of the company’s stock worth $68,000 after acquiring an additional 2,000 shares in the last quarter. Finally, Bogart Wealth LLC lifted its stake in shares of iShares iBonds Dec 2029 Term Corporate ETF by 15.2% during the 3rd quarter. Bogart Wealth LLC now owns 6,507 shares of the company’s stock worth $153,000 after purchasing an additional 857 shares during the last quarter.

iShares iBonds Dec 2029 Term Corporate ETF Company Profile

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.