iShares iBonds Dec 2030 Term Corporate ETF (NYSEARCA:IBDV) Sees Large Volume Increase – Here’s Why

iShares iBonds Dec 2030 Term Corporate ETF (NYSEARCA:IBDV) saw strong trading volume on Monday . 759,609 shares changed hands during mid-day 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 Trading Down 0.2 %

The stock has a 50-day simple moving average of $21.61 and a 200 day simple moving average of $21.68.

Hedge Funds Weigh In On iShares iBonds Dec 2030 Term Corporate ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Flow Traders U.S. LLC acquired a new stake in shares of iShares iBonds Dec 2030 Term Corporate ETF during the third quarter valued at $1,843,000. Lyell Wealth Management LP lifted its holdings in iShares iBonds Dec 2030 Term Corporate ETF by 13.5% in the 3rd quarter. Lyell Wealth Management LP now owns 268,570 shares of the company’s stock valued at $5,954,000 after purchasing an additional 31,925 shares in the last quarter. Adirondack Trust Co. boosted its stake in shares of iShares iBonds Dec 2030 Term Corporate ETF by 89.2% during the 3rd quarter. Adirondack Trust Co. now owns 40,752 shares of the company’s stock worth $903,000 after purchasing an additional 19,218 shares during the last quarter. Arrow Financial Corp raised its position in shares of iShares iBonds Dec 2030 Term Corporate ETF by 3.1% in the second quarter. Arrow Financial Corp now owns 636,730 shares of the company’s stock valued at $13,537,000 after buying an additional 19,100 shares during the last quarter. Finally, Montecito Bank & Trust lifted its stake in shares of iShares iBonds Dec 2030 Term Corporate ETF by 91.5% during the third quarter. Montecito Bank & Trust now owns 36,869 shares of the company’s stock valued at $817,000 after buying an additional 17,614 shares during the period.

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.