iShares iBonds Dec 2031 Term Corporate ETF (NYSEARCA:IBDW) Sees Strong Trading Volume – Still a Buy?

iShares iBonds Dec 2031 Term Corporate ETF (NYSEARCA:IBDW) shares saw unusually-high trading volume on Thursday . Approximately 1,256,066 shares changed hands during mid-day trading, an increase of 126% from the previous session’s volume of 556,990 shares.The stock last traded at $20.79 and had previously closed at $20.73.

iShares iBonds Dec 2031 Term Corporate ETF Trading Up 0.4%

The business has a fifty day simple moving average of $20.87 and a 200-day simple moving average of $21.03.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of IBDW. Ameriprise Financial Inc. grew its holdings in iShares iBonds Dec 2031 Term Corporate ETF by 32.7% in the third quarter. Ameriprise Financial Inc. now owns 2,076,772 shares of the company’s stock worth $44,108,000 after purchasing an additional 511,560 shares during the period. NewEdge Advisors LLC boosted its position in shares of iShares iBonds Dec 2031 Term Corporate ETF by 30.1% during the 3rd quarter. NewEdge Advisors LLC now owns 1,136,720 shares of the company’s stock worth $24,121,000 after purchasing an additional 262,710 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of iShares iBonds Dec 2031 Term Corporate ETF by 122.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 319,029 shares of the company’s stock valued at $6,770,000 after buying an additional 175,548 shares during the period. Sarver Vrooman Wealth Advisors grew its stake in shares of iShares iBonds Dec 2031 Term Corporate ETF by 6.3% in the 4th quarter. Sarver Vrooman Wealth Advisors now owns 2,316,263 shares of the company’s stock valued at $48,989,000 after buying an additional 136,491 shares during the period. Finally, Atlantic Union Bankshares Corp increased its position in iShares iBonds Dec 2031 Term Corporate ETF by 34.8% in the 4th quarter. Atlantic Union Bankshares Corp now owns 387,461 shares of the company’s stock valued at $8,195,000 after buying an additional 100,078 shares in the last quarter.

iShares iBonds Dec 2031 Term Corporate ETF Company Profile

The iShares iBonds Dec 2031 Term Corporate ETF (IBDW) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a Bloomberg index composed of USD-denominated, investment-grade corporate bonds maturing between January 1, 2031 and December 15, 2031. IBDW was launched on Jun 22, 2021 and is managed by BlackRock.