iShares iBonds Dec 2028 Term Corporate ETF (NYSEARCA:IBDT) Sees Strong Trading Volume – Time to Buy?

iShares iBonds Dec 2028 Term Corporate ETF (NYSEARCA:IBDT) saw strong trading volume on Thursday . 1,166,102 shares traded hands during trading, an increase of 118% from the previous session’s volume of 534,054 shares.The stock last traded at $24.97 and had previously closed at $24.95.

iShares iBonds Dec 2028 Term Corporate ETF Stock Performance

The stock has a 50 day moving average price of $24.99 and a 200-day moving average price of $25.15.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Peloton Wealth Strategists increased its position in shares of iShares iBonds Dec 2028 Term Corporate ETF by 4.5% during the second quarter. Peloton Wealth Strategists now owns 269,500 shares of the company’s stock valued at $6,676,000 after buying an additional 11,500 shares during the period. Praetorian Wealth Management Inc. raised its position in shares of iShares iBonds Dec 2028 Term Corporate ETF by 1.8% in the 3rd quarter. Praetorian Wealth Management Inc. now owns 191,336 shares of the company’s stock worth $4,885,000 after acquiring an additional 3,356 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of iShares iBonds Dec 2028 Term Corporate ETF by 216.3% in the 3rd quarter. GAMMA Investing LLC now owns 102,073 shares of the company’s stock valued at $2,606,000 after purchasing an additional 69,806 shares during the period. Lbmc Investment Advisors LLC bought a new stake in shares of iShares iBonds Dec 2028 Term Corporate ETF during the third quarter valued at approximately $299,000. Finally, Adirondack Trust Co. grew its stake in iShares iBonds Dec 2028 Term Corporate ETF by 94.7% in the third quarter. Adirondack Trust Co. now owns 34,308 shares of the company’s stock worth $876,000 after purchasing an additional 16,684 shares during the period.

About iShares iBonds Dec 2028 Term Corporate ETF

The iShares iBonds Dec 2028 Term Corporate ETF (IBDT) 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, 2028. IBDT was launched on Sep 18, 2018 and is managed by BlackRock.