iShares iBonds Dec 2024 Term Corporate ETF (NYSEARCA:IBDP) Sees Strong Trading Volume – Here’s Why

iShares iBonds Dec 2024 Term Corporate ETF (NYSEARCA:IBDP) shares saw unusually-high trading volume on Tuesday . Approximately 1,144,201 shares were traded during mid-day trading, an increase of 91% from the previous session’s volume of 598,189 shares.The stock last traded at $25.15 and had previously closed at $25.14.

iShares iBonds Dec 2024 Term Corporate ETF Price Performance

The stock’s fifty day simple moving average is $25.15 and its two-hundred day simple moving average is $25.12.

Institutional Trading of iShares iBonds Dec 2024 Term Corporate ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. RVW Wealth LLC lifted its holdings in shares of iShares iBonds Dec 2024 Term Corporate ETF by 37.9% during the second quarter. RVW Wealth LLC now owns 911,041 shares of the company’s stock valued at $22,894,000 after purchasing an additional 250,624 shares during the last quarter. Sonata Capital Group Inc. acquired a new position in shares of iShares iBonds Dec 2024 Term Corporate ETF in the third quarter worth about $5,489,000. Captrust Financial Advisors increased its position in shares of iShares iBonds Dec 2024 Term Corporate ETF by 8.7% in the first quarter. Captrust Financial Advisors now owns 911,313 shares of the company’s stock worth $22,828,000 after acquiring an additional 72,972 shares in the last quarter. InterOcean Capital Group LLC raised its holdings in shares of iShares iBonds Dec 2024 Term Corporate ETF by 3.9% during the first quarter. InterOcean Capital Group LLC now owns 921,558 shares of the company’s stock valued at $23,085,000 after acquiring an additional 34,596 shares during the period. Finally, Heartland Bank & Trust Co purchased a new stake in shares of iShares iBonds Dec 2024 Term Corporate ETF in the 1st quarter valued at approximately $518,000.

About iShares iBonds Dec 2024 Term Corporate ETF

The iShares iBonds Dec 2024 Term Corporate ETF (IBDP) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a global index of USD-denominated, investment-grade corporate bonds maturing between Dec 31, 2023 and Jan 1, 2025. IBDP was launched on Mar 11, 2015 and is managed by BlackRock.