iShares iBonds Dec 2032 Term Corporate ETF (NYSEARCA:IBDX) Sees Strong Trading Volume – Should You Buy?

iShares iBonds Dec 2032 Term Corporate ETF (NYSEARCA:IBDX) shares saw an uptick in trading volume on Friday . 581,512 shares traded hands during trading, an increase of 288% from the previous session’s volume of 149,908 shares.The stock last traded at $24.55 and had previously closed at $24.60.

iShares iBonds Dec 2032 Term Corporate ETF Stock Performance

The business has a 50 day moving average price of $24.94 and a 200-day moving average price of $25.09.

Institutional Investors Weigh In On iShares iBonds Dec 2032 Term Corporate ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. First Interstate Bank lifted its stake in shares of iShares iBonds Dec 2032 Term Corporate ETF by 1.5% during the 3rd quarter. First Interstate Bank now owns 2,167,641 shares of the company’s stock worth $55,730,000 after purchasing an additional 31,222 shares during the period. Arrow Financial Corp boosted its stake in shares of iShares iBonds Dec 2032 Term Corporate ETF by 2.1% during the 3rd quarter. Arrow Financial Corp now owns 585,000 shares of the company’s stock valued at $15,040,000 after buying an additional 11,981 shares during the last quarter. Confluence Investment Management LLC bought a new stake in shares of iShares iBonds Dec 2032 Term Corporate ETF in the third quarter worth $10,525,000. Janney Montgomery Scott LLC raised its holdings in iShares iBonds Dec 2032 Term Corporate ETF by 6.4% in the third quarter. Janney Montgomery Scott LLC now owns 272,519 shares of the company’s stock valued at $7,006,000 after acquiring an additional 16,340 shares in the last quarter. Finally, Lyell Wealth Management LP grew its holdings in iShares iBonds Dec 2032 Term Corporate ETF by 11.0% during the 3rd quarter. Lyell Wealth Management LP now owns 197,475 shares of the company’s stock worth $5,077,000 after acquiring an additional 19,550 shares in the last quarter.

iShares iBonds Dec 2032 Term Corporate ETF Company Profile

The iShares iBonds Dec 2032 Term Corporate ETF (IBDX) 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 January 1, 2032 and December 15, 2032. IBDX was launched on Jun 28, 2022 and is managed by BlackRock.