iShares iBonds Dec 2028 Term Corporate ETF (NYSEARCA:IBDT) Sees Strong Trading Volume – Time to Buy?

iShares iBonds Dec 2028 Term Corporate ETF (NYSEARCA:IBDT) saw strong trading volume on Tuesday . 1,166,303 shares traded hands during trading, an increase of 234% from the previous session’s volume of 349,584 shares.The stock last traded at $25.02 and had previously closed at $25.08.

iShares iBonds Dec 2028 Term Corporate ETF Trading Down 0.1 %

The company has a fifty day moving average of $25.31 and a two-hundred day moving average of $25.05.

Hedge Funds Weigh In On iShares iBonds Dec 2028 Term Corporate ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Coastline Trust Co purchased a new stake in shares of iShares iBonds Dec 2028 Term Corporate ETF during the 3rd quarter worth approximately $31,000. Ashton Thomas Private Wealth LLC purchased a new stake in iShares iBonds Dec 2028 Term Corporate ETF during the second quarter worth $104,000. Migdal Insurance & Financial Holdings Ltd. grew its holdings in iShares iBonds Dec 2028 Term Corporate ETF by 10.8% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 5,130 shares of the company’s stock valued at $131,000 after purchasing 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 buying an additional 789 shares during the last quarter. Finally, First Interstate Bank purchased a new stake in shares of iShares iBonds Dec 2028 Term Corporate ETF in the 3rd quarter worth 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.