iShares iBonds Dec 2032 Term Corporate ETF (NYSEARCA:IBDX) Sees Strong Trading Volume – Still a Buy?

iShares iBonds Dec 2032 Term Corporate ETF (NYSEARCA:IBDX) shares saw an uptick in trading volume on Tuesday . 774,121 shares traded hands during mid-day trading, an increase of 109% from the previous session’s volume of 370,720 shares.The stock last traded at $25.4730 and had previously closed at $25.61.

iShares iBonds Dec 2032 Term Corporate ETF Stock Down 0.1%

The stock has a fifty day moving average of $25.56 and a 200-day moving average of $25.53.

Institutional Trading of iShares iBonds Dec 2032 Term Corporate ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Ameriprise Financial Inc. boosted its position in iShares iBonds Dec 2032 Term Corporate ETF by 111.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,707,594 shares of the company’s stock valued at $43,762,000 after buying an additional 899,251 shares during the last quarter. Confluence Investment Management LLC acquired a new position in shares of iShares iBonds Dec 2032 Term Corporate ETF during the fourth quarter valued at $7,611,000. Atlantic Union Bankshares Corp bought a new position in iShares iBonds Dec 2032 Term Corporate ETF in the second quarter valued at about $5,561,000. Praetorian Wealth Management Inc. acquired a new stake in iShares iBonds Dec 2032 Term Corporate ETF in the fourth quarter worth about $2,205,000. Finally, JPMorgan Chase & Co. bought a new stake in iShares iBonds Dec 2032 Term Corporate ETF during the 3rd quarter worth about $1,283,000.

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.