iShares iBonds Dec 2028 Term Corporate ETF (NYSEARCA:IBDT) Sees Large Volume Increase – Here’s Why

iShares iBonds Dec 2028 Term Corporate ETF (NYSEARCA:IBDT) saw unusually-high trading volume on Monday . Approximately 1,363,073 shares traded hands during trading, an increase of 122% from the previous session’s volume of 615,317 shares.The stock last traded at $25.4550 and had previously closed at $25.44.

iShares iBonds Dec 2028 Term Corporate ETF Stock Up 0.1%

The company has a fifty day simple moving average of $25.47 and a 200-day simple moving average of $25.43.

Institutional Investors Weigh In On iShares iBonds Dec 2028 Term Corporate ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Sunbelt Securities Inc. acquired a new position in iShares iBonds Dec 2028 Term Corporate ETF in the 3rd quarter valued at about $26,000. High Note Wealth LLC acquired a new position in iShares iBonds Dec 2028 Term Corporate ETF in the third quarter valued at approximately $28,000. Bank of Jackson Hole Trust grew its position in iShares iBonds Dec 2028 Term Corporate ETF by 31.9% in the second quarter. Bank of Jackson Hole Trust now owns 3,850 shares of the company’s stock worth $98,000 after acquiring an additional 932 shares during the period. MTM Investment Management LLC acquired a new stake in iShares iBonds Dec 2028 Term Corporate ETF during the second quarter worth $126,000. Finally, Newman Dignan & Sheerar Inc. acquired a new stake in iShares iBonds Dec 2028 Term Corporate ETF during the second quarter worth $206,000.

iShares iBonds Dec 2028 Term Corporate ETF Company Profile

The iShares iBonds Dec 2028 Term Corporate ETF (IBDT) 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, 2028. IBDT was launched on Sep 18, 2018 and is managed by BlackRock.