iShares iBonds Dec 2030 Term Corporate ETF (NYSEARCA:IBDV) Sees Unusually-High Trading Volume – Here’s Why

Shares of iShares iBonds Dec 2030 Term Corporate ETF (NYSEARCA:IBDV) saw unusually-high trading volume on Thursday . 2,725,054 shares changed hands during trading, an increase of 286% from the previous session’s volume of 705,411 shares.The stock last traded at $21.64 and had previously closed at $21.66.

iShares iBonds Dec 2030 Term Corporate ETF Trading Down 0.1%

The stock’s 50-day moving average is $21.66 and its 200-day moving average is $21.82.

Institutional Trading of iShares iBonds Dec 2030 Term Corporate ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. High Note Wealth LLC bought a new position in shares of iShares iBonds Dec 2030 Term Corporate ETF in the 4th quarter valued at $25,000. Ballast Advisors LLC acquired a new position in iShares iBonds Dec 2030 Term Corporate ETF in the 1st quarter worth about $30,000. BOKF NA acquired a new position in iShares iBonds Dec 2030 Term Corporate ETF in the 4th quarter worth about $68,000. NBH Bank bought a new position in iShares iBonds Dec 2030 Term Corporate ETF in the second quarter valued at about $86,000. Finally, Valley Wealth Managers Inc. boosted its stake in shares of iShares iBonds Dec 2030 Term Corporate ETF by 240.4% during the fourth quarter. Valley Wealth Managers Inc. now owns 4,531 shares of the company’s stock valued at $100,000 after purchasing an additional 3,200 shares in 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.