iShares iBonds Dec 2024 Term Corporate ETF (NYSEARCA:IBDP) Sees Large Volume Increase – What’s Next?

iShares iBonds Dec 2024 Term Corporate ETF (NYSEARCA:IBDP) saw unusually-high trading volume on Thursday . Approximately 458,882 shares were traded during trading, a decline of 25% from the previous session’s volume of 614,677 shares.The stock last traded at $25.12 and had previously closed at $25.11.

iShares iBonds Dec 2024 Term Corporate ETF Stock Performance

The firm’s 50-day moving average is $25.15 and its 200-day moving average is $25.13.

Hedge Funds Weigh In On iShares iBonds Dec 2024 Term Corporate ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Archford Capital Strategies LLC boosted its stake in iShares iBonds Dec 2024 Term Corporate ETF by 4.0% during the second quarter. Archford Capital Strategies LLC now owns 91,957 shares of the company’s stock worth $2,311,000 after acquiring an additional 3,542 shares in the last quarter. Montecito Bank & Trust lifted its stake in shares of iShares iBonds Dec 2024 Term Corporate ETF by 43.0% in the second quarter. Montecito Bank & Trust now owns 22,772 shares of the company’s stock worth $572,000 after buying an additional 6,853 shares in the last quarter. PSI Advisors LLC lifted its stake in shares of iShares iBonds Dec 2024 Term Corporate ETF by 4.7% in the second quarter. PSI Advisors LLC now owns 124,987 shares of the company’s stock worth $3,141,000 after buying an additional 5,625 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in shares of iShares iBonds Dec 2024 Term Corporate ETF by 2.0% in the second quarter. Farther Finance Advisors LLC now owns 20,511 shares of the company’s stock worth $514,000 after buying an additional 398 shares in the last quarter. Finally, Spinnaker Trust lifted its stake in shares of iShares iBonds Dec 2024 Term Corporate ETF by 1.2% in the second quarter. Spinnaker Trust now owns 124,538 shares of the company’s stock worth $3,130,000 after buying an additional 1,522 shares in the last quarter.

iShares iBonds Dec 2024 Term Corporate ETF Company Profile

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.