iShares iBonds Dec 2030 Term Corporate ETF (NYSEARCA:IBDV) Sees Strong Trading Volume – Still a Buy?

iShares iBonds Dec 2030 Term Corporate ETF (NYSEARCA:IBDV) shares saw an uptick in trading volume on Friday . 1,366,270 shares were traded during mid-day trading, an increase of 176% from the previous session’s volume of 494,163 shares.The stock last traded at $22.0350 and had previously closed at $22.14.

iShares iBonds Dec 2030 Term Corporate ETF Stock Performance

The business has a 50 day simple moving average of $22.12 and a 200 day simple moving average of $22.02.

Institutional Investors Weigh In On iShares iBonds Dec 2030 Term Corporate ETF

Hedge funds have recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC raised its holdings in iShares iBonds Dec 2030 Term Corporate ETF by 30.1% during the first quarter. Integrated Wealth Concepts LLC now owns 37,004 shares of the company’s stock worth $804,000 after purchasing an additional 8,567 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in iShares iBonds Dec 2030 Term Corporate ETF by 18.4% in the 1st quarter. NewEdge Advisors LLC now owns 747,346 shares of the company’s stock worth $16,232,000 after acquiring an additional 116,011 shares during the period. Peloton Wealth Strategists increased its position in shares of iShares iBonds Dec 2030 Term Corporate ETF by 15.4% during the first quarter. Peloton Wealth Strategists now owns 273,500 shares of the company’s stock worth $5,940,000 after acquiring an additional 36,400 shares during the last quarter. Harbor Investment Advisory LLC raised its stake in shares of iShares iBonds Dec 2030 Term Corporate ETF by 690.8% in the 2nd quarter. Harbor Investment Advisory LLC now owns 7,908 shares of the company’s stock valued at $174,000 after purchasing an additional 6,908 shares in the last quarter. Finally, Parallel Advisors LLC increased its stake in iShares iBonds Dec 2030 Term Corporate ETF by 10.0% during the second quarter. Parallel Advisors LLC now owns 265,684 shares of the company’s stock valued at $5,840,000 after purchasing an additional 24,228 shares during the last quarter.

About iShares iBonds Dec 2030 Term Corporate ETF

The iShares iBonds Dec 2030 Term Corporate ETF (IBDV) 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. IBDV was launched on Jun 23, 2020 and is managed by BlackRock.