iShares iBonds Dec 2024 Term Corporate ETF (NYSEARCA:IBDP) Sees Large Volume Increase – Still a Buy?

iShares iBonds Dec 2024 Term Corporate ETF (NYSEARCA:IBDP) shares saw strong trading volume on Friday . 1,211,877 shares changed hands during trading, an increase of 100% from the previous session’s volume of 605,940 shares.The stock last traded at $25.20 and had previously closed at $25.19.

iShares iBonds Dec 2024 Term Corporate ETF Stock Up 0.0 %

The stock has a fifty day moving average price of $25.16 and a 200-day moving average price of $25.13.

Institutional Trading of iShares iBonds Dec 2024 Term Corporate ETF

Hedge funds have recently made changes to their positions in the stock. Kennebec Savings Bank acquired a new stake in shares of iShares iBonds Dec 2024 Term Corporate ETF during the 3rd quarter valued at about $29,000. Godshalk Welsh Capital Management Inc. bought a new position in iShares iBonds Dec 2024 Term Corporate ETF during the second quarter valued at approximately $209,000. Arkadios Wealth Advisors acquired a new stake in iShares iBonds Dec 2024 Term Corporate ETF in the third quarter valued at approximately $315,000. L.M. Kohn & Company grew its position in iShares iBonds Dec 2024 Term Corporate ETF by 30.2% in the third quarter. L.M. Kohn & Company now owns 13,132 shares of the company’s stock worth $331,000 after acquiring an additional 3,046 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its stake in shares of iShares iBonds Dec 2024 Term Corporate ETF by 2.0% during the 2nd quarter. Farther Finance Advisors LLC now owns 20,511 shares of the company’s stock worth $514,000 after purchasing an additional 398 shares during the last quarter.

About iShares iBonds Dec 2024 Term Corporate ETF

The iShares iBonds Dec 2024 Term Corporate ETF (IBDP) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a global index of USD-denominated, investment-grade corporate bonds maturing between Dec 31, 2023 and Jan 1, 2025. IBDP was launched on Mar 11, 2015 and is managed by BlackRock.