iShares iBonds Dec 2029 Term Corporate ETF (NYSEARCA:IBDU) Sees Large Volume Increase – Still a Buy?

iShares iBonds Dec 2029 Term Corporate ETF (NYSEARCA:IBDU) saw strong trading volume on Friday . 6,768,420 shares traded hands during trading, an increase of 849% from the previous session’s volume of 713,115 shares.The stock last traded at $23.06 and had previously closed at $23.06.

iShares iBonds Dec 2029 Term Corporate ETF Price Performance

The business’s 50 day moving average price is $23.08 and its 200-day moving average price is $23.21.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Lyell Wealth Management LP increased its position in shares of iShares iBonds Dec 2029 Term Corporate ETF by 21.7% during the fourth quarter. Lyell Wealth Management LP now owns 486,066 shares of the company’s stock worth $11,376,000 after acquiring an additional 86,833 shares during the period. Godshalk Welsh Capital Management Inc. grew its stake in iShares iBonds Dec 2029 Term Corporate ETF by 32.9% during the 1st quarter. Godshalk Welsh Capital Management Inc. now owns 132,750 shares of the company’s stock worth $3,088,000 after purchasing an additional 32,850 shares in the last quarter. HORAN Wealth LLC acquired a new position in iShares iBonds Dec 2029 Term Corporate ETF during the 1st quarter worth $526,000. Roble Belko & Company Inc increased its holdings in iShares iBonds Dec 2029 Term Corporate ETF by 174.7% during the 1st quarter. Roble Belko & Company Inc now owns 119,309 shares of the company’s stock worth $2,775,000 after purchasing an additional 75,870 shares during the period. Finally, Heartland Bank & Trust Co increased its holdings in iShares iBonds Dec 2029 Term Corporate ETF by 401.6% during the 1st quarter. Heartland Bank & Trust Co now owns 148,493 shares of the company’s stock worth $3,454,000 after purchasing an additional 118,889 shares during the period.

iShares iBonds Dec 2029 Term Corporate ETF Company Profile

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.