iShares iBonds Dec 2030 Term Corporate ETF (NYSEARCA:IBDV) Sees Unusually-High Trading Volume – Still a Buy?

iShares iBonds Dec 2030 Term Corporate ETF (NYSEARCA:IBDV) saw an uptick in trading volume on Monday . 759,609 shares changed hands during trading, an increase of 161% from the previous session’s volume of 291,377 shares.The stock last traded at $21.27 and had previously closed at $21.31.

iShares iBonds Dec 2030 Term Corporate ETF Stock Performance

The business’s 50 day moving average price is $21.58 and its 200 day moving average price is $21.68.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Arrow Financial Corp raised its stake in iShares iBonds Dec 2030 Term Corporate ETF by 1.3% in the 3rd quarter. Arrow Financial Corp now owns 645,246 shares of the company’s stock valued at $14,305,000 after purchasing an additional 8,516 shares during the last quarter. Buffington Mohr McNeal raised its position in shares of iShares iBonds Dec 2030 Term Corporate ETF by 2.4% in the third quarter. Buffington Mohr McNeal now owns 607,607 shares of the company’s stock valued at $13,471,000 after buying an additional 14,142 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in shares of iShares iBonds Dec 2030 Term Corporate ETF by 5.3% in the third quarter. Janney Montgomery Scott LLC now owns 327,867 shares of the company’s stock worth $7,269,000 after buying an additional 16,430 shares in the last quarter. Lyell Wealth Management LP lifted its stake in shares of iShares iBonds Dec 2030 Term Corporate ETF by 13.5% in the third quarter. Lyell Wealth Management LP now owns 268,570 shares of the company’s stock worth $5,954,000 after buying an additional 31,925 shares in the last quarter. Finally, Peloton Wealth Strategists boosted its position in iShares iBonds Dec 2030 Term Corporate ETF by 5.3% during the third quarter. Peloton Wealth Strategists now owns 193,900 shares of the company’s stock worth $4,299,000 after acquiring an additional 9,700 shares during the last quarter.

iShares iBonds Dec 2030 Term Corporate ETF Company Profile

The iShares iBonds Dec 2030 Term Corporate ETF (IBDV) 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. IBDV was launched on Jun 23, 2020 and is managed by BlackRock.