iShares iBonds Dec 2027 Term Corporate ETF (NYSEARCA:IBDS) Sees Large Volume Increase – Here’s Why

iShares iBonds Dec 2027 Term Corporate ETF (NYSEARCA:IBDS) shares saw unusually-high trading volume on Friday . Approximately 2,076,333 shares were traded during trading, an increase of 353% from the previous session’s volume of 458,268 shares.The stock last traded at $23.92 and had previously closed at $23.93.

iShares iBonds Dec 2027 Term Corporate ETF Price Performance

The firm has a 50 day simple moving average of $24.04 and a 200-day simple moving average of $24.05.

Institutional Investors Weigh In On iShares iBonds Dec 2027 Term Corporate ETF

Several hedge funds have recently bought and sold shares of the stock. Valley Wealth Managers Inc. grew its position in shares of iShares iBonds Dec 2027 Term Corporate ETF by 0.7% in the third quarter. Valley Wealth Managers Inc. now owns 74,118 shares of the company’s stock valued at $1,806,000 after purchasing an additional 494 shares during the last quarter. Bogart Wealth LLC boosted its stake in iShares iBonds Dec 2027 Term Corporate ETF by 14.8% in the 3rd quarter. Bogart Wealth LLC now owns 6,425 shares of the company’s stock valued at $157,000 after purchasing an additional 828 shares during the period. Eastern Bank acquired a new position in iShares iBonds Dec 2027 Term Corporate ETF in the 3rd quarter valued at $25,000. Princeton Global Asset Management LLC increased its position in iShares iBonds Dec 2027 Term Corporate ETF by 5.5% during the 3rd quarter. Princeton Global Asset Management LLC now owns 25,898 shares of the company’s stock worth $631,000 after buying an additional 1,350 shares during the period. Finally, Praetorian Wealth Management Inc. lifted its holdings in shares of iShares iBonds Dec 2027 Term Corporate ETF by 0.9% during the third quarter. Praetorian Wealth Management Inc. now owns 204,653 shares of the company’s stock worth $4,987,000 after buying an additional 1,793 shares in the last quarter.

About iShares iBonds Dec 2027 Term Corporate ETF

The iShares iBonds Dec 2027 Term Corporate ETF (IBDS) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a Bloomberg global index of USD-denominated, investment-grade corporate bonds maturing between December 31, 2026 and December 16, 2027. IBDS was launched on Sep 12, 2017 and is managed by BlackRock.