iShares iBonds Dec 2031 Term Corporate ETF (NYSEARCA:IBDW) Sees Unusually-High Trading Volume – What’s Next?

Shares of iShares iBonds Dec 2031 Term Corporate ETF (NYSEARCA:IBDW) saw unusually-strong trading volume on Friday. Approximately 1,978,102 shares were traded during trading, an increase of 232% from the previous session’s volume of 595,927 shares. The stock last traded at $20.08 and had previously closed at $20.10.

iShares iBonds Dec 2031 Term Corporate ETF Price Performance

The firm has a 50-day moving average price of $20.40 and a 200-day moving average price of $20.67.

Institutional Trading of iShares iBonds Dec 2031 Term Corporate ETF

A number of hedge funds have recently modified their holdings of IBDW. Farmers National Bank boosted its position in shares of iShares iBonds Dec 2031 Term Corporate ETF by 1.3% in the 1st quarter. Farmers National Bank now owns 44,655 shares of the company’s stock worth $935,000 after purchasing an additional 590 shares in the last quarter. Fort Washington Investment Advisors Inc. OH grew its stake in shares of iShares iBonds Dec 2031 Term Corporate ETF by 2.9% in the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 30,911 shares of the company’s stock worth $647,000 after buying an additional 875 shares during the last quarter. Ballast Advisors LLC bought a new position in iShares iBonds Dec 2031 Term Corporate ETF during the 1st quarter valued at approximately $30,000. 10Elms LLP raised its stake in iShares iBonds Dec 2031 Term Corporate ETF by 8.8% during the fourth quarter. 10Elms LLP now owns 22,200 shares of the company’s stock valued at $470,000 after buying an additional 1,800 shares during the last quarter. Finally, Bank of New Hampshire raised its stake in iShares iBonds Dec 2031 Term Corporate ETF by 4.6% during the fourth quarter. Bank of New Hampshire now owns 53,990 shares of the company’s stock valued at $1,142,000 after buying an additional 2,350 shares during the last quarter.

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.