iShares iBonds Dec 2029 Term Corporate ETF (NYSEARCA:IBDU) Sees Strong Trading Volume – What’s Next?

iShares iBonds Dec 2029 Term Corporate ETF (NYSEARCA:IBDU) saw an uptick in trading volume on Wednesday . 1,431,109 shares changed hands during mid-day 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 stock has a 50-day simple moving average of $22.93 and a 200 day simple moving average of $23.08.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Farther Finance Advisors LLC boosted its stake in iShares iBonds Dec 2029 Term Corporate ETF by 6,842.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,430 shares of the company’s stock valued at $57,000 after purchasing an additional 2,395 shares during the period. Bogart Wealth LLC increased its holdings in iShares iBonds Dec 2029 Term Corporate ETF by 15.2% in the 3rd quarter. Bogart Wealth LLC now owns 6,507 shares of the company’s stock valued at $153,000 after buying an additional 857 shares during the period. First Interstate Bank acquired a new position in iShares iBonds Dec 2029 Term Corporate ETF in the third quarter worth about $204,000. Bank of New York Mellon Corp raised its holdings in shares of iShares iBonds Dec 2029 Term Corporate ETF by 64.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 16,099 shares of the company’s stock worth $365,000 after buying an additional 6,283 shares in the last quarter. Finally, Leavell Investment Management Inc. bought a new position in shares of iShares iBonds Dec 2029 Term Corporate ETF during the third quarter valued at $428,000.

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.