iShares iBonds Dec 2031 Term Corporate ETF (NYSEARCA:IBDW) Sees Large Volume Increase – Time to Buy?

iShares iBonds Dec 2031 Term Corporate ETF (NYSEARCA:IBDW) shares saw strong trading volume on Monday . 880,287 shares changed hands during mid-day trading, an increase of 55% from the previous session’s volume of 568,156 shares.The stock last traded at $20.30 and had previously closed at $20.26.

iShares iBonds Dec 2031 Term Corporate ETF Stock Performance

The business’s 50 day moving average price is $20.56 and its 200-day moving average price is $20.76.

Hedge Funds Weigh In On iShares iBonds Dec 2031 Term Corporate ETF

Institutional investors have recently added to or reduced their stakes in the company. Ballast Advisors LLC acquired a new stake in shares of iShares iBonds Dec 2031 Term Corporate ETF during the first quarter valued at about $30,000. Ascentis Independent Advisors acquired a new position in shares of iShares iBonds Dec 2031 Term Corporate ETF in the first quarter worth about $63,000. Harbor Investment Advisory LLC grew its stake in iShares iBonds Dec 2031 Term Corporate ETF by 95.1% during the 1st quarter. Harbor Investment Advisory LLC now owns 5,981 shares of the company’s stock valued at $125,000 after purchasing an additional 2,916 shares in the last quarter. Bogart Wealth LLC raised its position in shares of iShares iBonds Dec 2031 Term Corporate ETF by 48.6% in the 1st quarter. Bogart Wealth LLC now owns 9,346 shares of the company’s stock valued at $196,000 after purchasing an additional 3,055 shares in the last quarter. Finally, Dearborn Partners LLC purchased a new position in shares of iShares iBonds Dec 2031 Term Corporate ETF during the 4th quarter valued at approximately $206,000.

About iShares iBonds Dec 2031 Term Corporate ETF

The iShares iBonds Dec 2031 Term Corporate ETF (IBDW) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a Bloomberg index composed of USD-denominated, investment-grade corporate bonds maturing between January 1, 2031 and December 15, 2031. IBDW was launched on Jun 22, 2021 and is managed by BlackRock.