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

iShares iBonds Dec 2030 Term Corporate ETF (NYSEARCA:IBDV) saw unusually-high trading volume on Wednesday . Approximately 1,376,370 shares were traded during trading, an increase of 141% from the previous session’s volume of 571,515 shares.The stock last traded at $21.29 and had previously closed at $21.27.

iShares iBonds Dec 2030 Term Corporate ETF Trading Down 0.7 %

The stock has a 50-day moving average price of $21.49 and a 200 day moving average price of $21.68.

Hedge Funds Weigh In On iShares iBonds Dec 2030 Term Corporate ETF

Hedge funds have recently modified their holdings of the business. Farther Finance Advisors LLC grew its position in iShares iBonds Dec 2030 Term Corporate ETF by 12,188.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 4,301 shares of the company’s stock worth $95,000 after purchasing an additional 4,266 shares during the last quarter. Bogart Wealth LLC grew its holdings in shares of iShares iBonds Dec 2030 Term Corporate ETF by 15.9% during the third quarter. Bogart Wealth LLC now owns 6,609 shares of the company’s stock worth $147,000 after buying an additional 909 shares during the last quarter. Spinnaker Trust purchased a new position in shares of iShares iBonds Dec 2030 Term Corporate ETF during the third quarter worth about $232,000. Bank of New York Mellon Corp increased its position in iShares iBonds Dec 2030 Term Corporate ETF by 79.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 19,414 shares of the company’s stock valued at $413,000 after acquiring an additional 8,597 shares during the period. Finally, Bank of New Hampshire raised its stake in iShares iBonds Dec 2030 Term Corporate ETF by 137.5% during the 4th quarter. Bank of New Hampshire now owns 32,605 shares of the company’s stock valued at $696,000 after acquiring an additional 18,875 shares during 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.