iShares iBonds Dec 2030 Term Corporate ETF (NYSEARCA:IBDV) Sees Large Volume Increase – Here’s Why

Shares of iShares iBonds Dec 2030 Term Corporate ETF (NYSEARCA:IBDV) saw unusually-high trading volume on Wednesday . Approximately 1,529,300 shares traded hands during mid-day trading, an increase of 342% from the previous session’s volume of 346,223 shares.The stock last traded at $21.62 and had previously closed at $21.68.

iShares iBonds Dec 2030 Term Corporate ETF Stock Performance

The firm’s 50 day moving average price is $21.42 and its two-hundred day moving average price is $21.66.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in IBDV. Farther Finance Advisors LLC increased its holdings in shares of iShares iBonds Dec 2030 Term Corporate ETF by 12,188.6% during the third quarter. Farther Finance Advisors LLC now owns 4,301 shares of the company’s stock worth $95,000 after purchasing an additional 4,266 shares during the period. Janney Montgomery Scott LLC lifted its position in shares of iShares iBonds Dec 2030 Term Corporate ETF by 5.3% during the 3rd quarter. Janney Montgomery Scott LLC now owns 327,867 shares of the company’s stock valued at $7,269,000 after acquiring an additional 16,430 shares during the period. Spinnaker Trust acquired a new position in iShares iBonds Dec 2030 Term Corporate ETF in the third quarter valued at about $232,000. Montecito Bank & Trust lifted its position in iShares iBonds Dec 2030 Term Corporate ETF by 91.5% during the third quarter. Montecito Bank & Trust now owns 36,869 shares of the company’s stock worth $817,000 after purchasing an additional 17,614 shares during the period. Finally, Arrow Financial Corp lifted its position in iShares iBonds Dec 2030 Term Corporate ETF by 1.3% during the third quarter. Arrow Financial Corp now owns 645,246 shares of the company’s stock worth $14,305,000 after purchasing an additional 8,516 shares during the period.

About iShares iBonds Dec 2030 Term Corporate ETF

The iShares iBonds Dec 2030 Term Corporate ETF (IBDV) 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, 2029. IBDV was launched on Jun 23, 2020 and is managed by BlackRock.