iShares iBonds Dec 2028 Term Corporate ETF (NYSEARCA:IBDT) Sees Unusually-High Trading Volume – What’s Next?

iShares iBonds Dec 2028 Term Corporate ETF (NYSEARCA:IBDT) shares saw unusually-strong trading volume on Monday . Approximately 1,215,904 shares were traded during trading, an increase of 169% from the previous session’s volume of 452,039 shares.The stock last traded at $25.33 and had previously closed at $25.27.

iShares iBonds Dec 2028 Term Corporate ETF Price Performance

The stock has a 50-day moving average of $25.20 and a 200 day moving average of $25.10.

Hedge Funds Weigh In On iShares iBonds Dec 2028 Term Corporate ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in IBDT. Godshalk Welsh Capital Management Inc. boosted its stake in shares of iShares iBonds Dec 2028 Term Corporate ETF by 378.2% during the fourth quarter. Godshalk Welsh Capital Management Inc. now owns 41,600 shares of the company’s stock valued at $1,036,000 after purchasing an additional 32,900 shares in the last quarter. Parallel Advisors LLC increased its stake in shares of iShares iBonds Dec 2028 Term Corporate ETF by 24.0% in the 4th quarter. Parallel Advisors LLC now owns 236,278 shares of the company’s stock valued at $5,883,000 after acquiring an additional 45,795 shares in the last quarter. Rebalance LLC bought a new stake in shares of iShares iBonds Dec 2028 Term Corporate ETF during the fourth quarter valued at approximately $3,468,000. Baird Financial Group Inc. grew its holdings in iShares iBonds Dec 2028 Term Corporate ETF by 9.9% during the fourth quarter. Baird Financial Group Inc. now owns 24,191 shares of the company’s stock worth $602,000 after buying an additional 2,180 shares in the last quarter. Finally, Horan Securities Inc. purchased a new stake in shares of iShares iBonds Dec 2028 Term Corporate ETF during the fourth quarter valued at approximately $948,000.

iShares iBonds Dec 2028 Term Corporate ETF Company Profile

The iShares iBonds Dec 2028 Term Corporate ETF (IBDT) 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, 2028. IBDT was launched on Sep 18, 2018 and is managed by BlackRock.