iShares iBonds Dec 2029 Term Corporate ETF (NYSEARCA:IBDU) Sees Strong Trading Volume – Time to Buy?

Shares of iShares iBonds Dec 2029 Term Corporate ETF (NYSEARCA:IBDU) saw an uptick in trading volume on Wednesday . 1,431,109 shares changed hands during trading, an increase of 101% from the previous session’s volume of 712,251 shares.The stock last traded at $22.76 and had previously closed at $22.73.

iShares iBonds Dec 2029 Term Corporate ETF Stock Performance

The company’s 50-day simple moving average is $22.92 and its 200 day simple moving average is $23.07.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in IBDU. Confluence Investment Management LLC bought a new stake in iShares iBonds Dec 2029 Term Corporate ETF during the third quarter worth approximately $5,798,000. JPMorgan Chase & Co. increased its position in shares of iShares iBonds Dec 2029 Term Corporate ETF by 16,778.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 242,371 shares of the company’s stock valued at $5,698,000 after purchasing an additional 240,935 shares during the last quarter. Lyell Wealth Management LP increased its position in shares of iShares iBonds Dec 2029 Term Corporate ETF by 23.3% during the 3rd quarter. Lyell Wealth Management LP now owns 305,924 shares of the company’s stock valued at $7,192,000 after purchasing an additional 57,724 shares during the last quarter. Adirondack Trust Co. raised its stake in shares of iShares iBonds Dec 2029 Term Corporate ETF by 108.9% in the third quarter. Adirondack Trust Co. now owns 42,731 shares of the company’s stock valued at $1,004,000 after acquiring an additional 22,271 shares during the period. Finally, Spinnaker Trust lifted its holdings in shares of iShares iBonds Dec 2029 Term Corporate ETF by 70.2% in the 3rd quarter. Spinnaker Trust now owns 53,268 shares of the company’s stock worth $1,252,000 after acquiring an additional 21,971 shares during the last quarter.

About iShares iBonds Dec 2029 Term Corporate ETF

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.