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

iShares iBonds Dec 2032 Term Corporate ETF (NYSEARCA:IBDX) shares saw strong trading volume on Tuesday . 312,867 shares traded hands during trading, an increase of 60% from the previous session’s volume of 195,702 shares.The stock last traded at $25.02 and had previously closed at $25.03.

iShares iBonds Dec 2032 Term Corporate ETF Price Performance

The stock has a fifty day moving average of $24.65 and a two-hundred day moving average of $25.04.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Arrow Financial Corp boosted its holdings in iShares iBonds Dec 2032 Term Corporate ETF by 2.6% in the fourth quarter. Arrow Financial Corp now owns 599,943 shares of the company’s stock valued at $14,747,000 after acquiring an additional 14,943 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in iShares iBonds Dec 2032 Term Corporate ETF by 1,327.4% in the fourth quarter. Ameriprise Financial Inc. now owns 598,242 shares of the company’s stock valued at $14,705,000 after acquiring an additional 556,331 shares during the last quarter. Confluence Investment Management LLC raised its position in iShares iBonds Dec 2032 Term Corporate ETF by 0.4% in the fourth quarter. Confluence Investment Management LLC now owns 411,172 shares of the company’s stock valued at $10,107,000 after purchasing an additional 1,809 shares during the period. Janney Montgomery Scott LLC raised its position in iShares iBonds Dec 2032 Term Corporate ETF by 5.5% in the fourth quarter. Janney Montgomery Scott LLC now owns 287,576 shares of the company’s stock valued at $7,069,000 after purchasing an additional 15,057 shares during the period. Finally, Lyell Wealth Management LP raised its position in iShares iBonds Dec 2032 Term Corporate ETF by 8.4% in the fourth quarter. Lyell Wealth Management LP now owns 213,975 shares of the company’s stock valued at $5,260,000 after purchasing an additional 16,500 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.