iShares iBonds Dec 2032 Term Corporate ETF (NYSEARCA:IBDX) Sees Large Volume Increase – Time to Buy?

iShares iBonds Dec 2032 Term Corporate ETF (NYSEARCA:IBDX) saw unusually-strong trading volume on Tuesday . Approximately 270,110 shares changed hands during trading, an increase of 87% from the previous session’s volume of 144,591 shares.The stock last traded at $24.89 and had previously closed at $25.00.

iShares iBonds Dec 2032 Term Corporate ETF Stock Down 0.0 %

The company has a fifty day moving average price of $25.36 and a 200-day moving average price of $24.99.

Institutional Trading of iShares iBonds Dec 2032 Term Corporate ETF

Hedge funds have recently added to or reduced their stakes in the company. First PREMIER Bank purchased a new position in shares of iShares iBonds Dec 2032 Term Corporate ETF in the 3rd quarter valued at about $46,000. Adirondack Trust Co. increased its stake in shares of iShares iBonds Dec 2032 Term Corporate ETF by 67.6% during the second quarter. Adirondack Trust Co. now owns 8,747 shares of the company’s stock worth $215,000 after purchasing an additional 3,529 shares in the last quarter. Arkadios Wealth Advisors acquired a new stake in iShares iBonds Dec 2032 Term Corporate ETF in the 2nd quarter worth about $220,000. Comerica Bank increased its stake in iShares iBonds Dec 2032 Term Corporate ETF by 64.7% during the 1st quarter. Comerica Bank now owns 15,076 shares of the company’s stock worth $374,000 after buying an additional 5,923 shares in the last quarter. Finally, Princeton Global Asset Management LLC purchased a new stake in shares of iShares iBonds Dec 2032 Term Corporate ETF during the third quarter worth approximately $391,000.

iShares iBonds Dec 2032 Term Corporate ETF Company Profile

The iShares iBonds Dec 2032 Term Corporate ETF (IBDX) 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 January 1, 2032 and December 15, 2032. IBDX was launched on Jun 28, 2022 and is managed by BlackRock.