iShares iBonds Dec 2032 Term Corporate ETF (NYSEARCA:IBDX) Sees Large Volume Increase – Still a Buy?

Shares of iShares iBonds Dec 2032 Term Corporate ETF (NYSEARCA:IBDX) saw strong trading volume on Tuesday . 270,110 shares traded hands during mid-day trading, an increase of 87% from the previous session’s volume of 144,591 shares.The stock last traded at $24.89 and had previously closed at $25.00.

iShares iBonds Dec 2032 Term Corporate ETF Trading Down 0.7 %

The business’s 50-day moving average is $25.39 and its two-hundred day moving average is $24.99.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. First Interstate Bank boosted its stake in iShares iBonds Dec 2032 Term Corporate ETF by 1.5% in the 3rd quarter. First Interstate Bank now owns 2,167,641 shares of the company’s stock worth $55,730,000 after purchasing an additional 31,222 shares in the last quarter. Arrow Financial Corp grew its stake in shares of iShares iBonds Dec 2032 Term Corporate ETF by 2.1% during the 3rd quarter. Arrow Financial Corp now owns 585,000 shares of the company’s stock valued at $15,040,000 after purchasing an additional 11,981 shares during the period. Confluence Investment Management LLC bought a new position in iShares iBonds Dec 2032 Term Corporate ETF in the 3rd quarter worth $10,525,000. Janney Montgomery Scott LLC raised its holdings in iShares iBonds Dec 2032 Term Corporate ETF by 6.4% in the 3rd quarter. Janney Montgomery Scott LLC now owns 272,519 shares of the company’s stock worth $7,006,000 after purchasing an additional 16,340 shares during the period. Finally, Lyell Wealth Management LP boosted its position in shares of iShares iBonds Dec 2032 Term Corporate ETF by 11.0% in the third quarter. Lyell Wealth Management LP now owns 197,475 shares of the company’s stock worth $5,077,000 after purchasing an additional 19,550 shares during the period.

iShares iBonds Dec 2032 Term Corporate ETF Company Profile

The iShares iBonds Dec 2032 Term Corporate ETF (IBDX) 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 January 1, 2032 and December 15, 2032. IBDX was launched on Jun 28, 2022 and is managed by BlackRock.