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

iShares iBonds Dec 2031 Term Corporate ETF (NYSEARCA:IBDW) shares saw unusually-strong trading volume on Wednesday . Approximately 534,845 shares were traded during trading, an increase of 111% from the previous session’s volume of 253,805 shares.The stock last traded at $20.65 and had previously closed at $20.67.

iShares iBonds Dec 2031 Term Corporate ETF Stock Performance

The stock has a 50 day moving average price of $20.55 and a 200 day moving average price of $20.66.

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

Hedge funds have recently made changes to their positions in the stock. Newman Dignan & Sheerar Inc. raised its stake in iShares iBonds Dec 2031 Term Corporate ETF by 8.3% during the fourth quarter. Newman Dignan & Sheerar Inc. now owns 16,000 shares of the company’s stock worth $326,000 after buying an additional 1,224 shares during the last quarter. 10Elms LLP acquired a new position in shares of iShares iBonds Dec 2031 Term Corporate ETF in the 4th quarter valued at about $41,000. Integrated Wealth Concepts LLC boosted its position in shares of iShares iBonds Dec 2031 Term Corporate ETF by 9.2% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 26,762 shares of the company’s stock valued at $568,000 after purchasing an additional 2,252 shares in the last quarter. First United Bank & Trust acquired a new stake in iShares iBonds Dec 2031 Term Corporate ETF during the fourth quarter worth approximately $47,000. Finally, Gradient Capital Advisors LLC increased its holdings in iShares iBonds Dec 2031 Term Corporate ETF by 8.3% in the fourth quarter. Gradient Capital Advisors LLC now owns 37,516 shares of the company’s stock worth $763,000 after purchasing an additional 2,874 shares in 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.