iShares iBonds Dec 2027 Term Corporate ETF (NYSEARCA:IBDS) Sees Unusually-High Trading Volume – Here’s Why

iShares iBonds Dec 2027 Term Corporate ETF (NYSEARCA:IBDS) shares saw unusually-strong trading volume on Wednesday . Approximately 3,455,377 shares traded hands during trading, an increase of 389% from the previous session’s volume of 706,539 shares.The stock last traded at $24.03 and had previously closed at $24.02.

iShares iBonds Dec 2027 Term Corporate ETF Stock Performance

The stock’s 50 day moving average price is $23.99 and its two-hundred day moving average price is $24.10.

Hedge Funds Weigh In On iShares iBonds Dec 2027 Term Corporate ETF

A number of institutional investors and hedge funds have recently made changes to their positions in IBDS. RVW Wealth LLC grew its stake in iShares iBonds Dec 2027 Term Corporate ETF by 9.2% in the 4th quarter. RVW Wealth LLC now owns 956,044 shares of the company’s stock valued at $22,907,000 after acquiring an additional 80,187 shares during the last quarter. Captrust Financial Advisors grew its stake in iShares iBonds Dec 2027 Term Corporate ETF by 42.3% in the 4th quarter. Captrust Financial Advisors now owns 589,568 shares of the company’s stock valued at $14,126,000 after acquiring an additional 175,143 shares during the last quarter. Arrow Financial Corp grew its stake in iShares iBonds Dec 2027 Term Corporate ETF by 4.0% in the 4th quarter. Arrow Financial Corp now owns 579,725 shares of the company’s stock valued at $13,890,000 after acquiring an additional 22,092 shares during the last quarter. Spinnaker Trust grew its stake in iShares iBonds Dec 2027 Term Corporate ETF by 53.0% in the 4th quarter. Spinnaker Trust now owns 373,877 shares of the company’s stock valued at $8,958,000 after acquiring an additional 129,587 shares during the last quarter. Finally, Lyell Wealth Management LP grew its stake in iShares iBonds Dec 2027 Term Corporate ETF by 5.0% in the 4th quarter. Lyell Wealth Management LP now owns 363,921 shares of the company’s stock valued at $8,720,000 after acquiring an additional 17,490 shares during the last quarter.

iShares iBonds Dec 2027 Term Corporate ETF Company Profile

The iShares iBonds Dec 2027 Term Corporate ETF (IBDS) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a Bloomberg global index of USD-denominated, investment-grade corporate bonds maturing between December 31, 2026 and December 16, 2027. IBDS was launched on Sep 12, 2017 and is managed by BlackRock.