iShares iBonds Dec 2024 Term Corporate ETF (NYSEARCA:IBDP) Sees Large Volume Increase – Should You Buy?

iShares iBonds Dec 2024 Term Corporate ETF (NYSEARCA:IBDP) shares saw strong trading volume on Friday . 1,211,877 shares traded hands during trading, an increase of 100% from the previous session’s volume of 605,940 shares.The stock last traded at $25.20 and had previously closed at $25.19.

iShares iBonds Dec 2024 Term Corporate ETF Stock Performance

The firm’s 50-day simple moving average is $25.16 and its two-hundred day simple moving average is $25.13.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. RVW Wealth LLC lifted its position in iShares iBonds Dec 2024 Term Corporate ETF by 37.9% in the 2nd 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. bought a new stake in iShares iBonds Dec 2024 Term Corporate ETF in the 3rd quarter valued at about $5,489,000. PSI Advisors LLC lifted its position in iShares iBonds Dec 2024 Term Corporate ETF by 4.7% in the 2nd quarter. PSI Advisors LLC now owns 124,987 shares of the company’s stock valued at $3,141,000 after purchasing an additional 5,625 shares during the last quarter. Spinnaker Trust lifted its position in iShares iBonds Dec 2024 Term Corporate ETF by 1.2% in the 2nd quarter. Spinnaker Trust now owns 124,538 shares of the company’s stock valued at $3,130,000 after purchasing an additional 1,522 shares during the last quarter. Finally, Archford Capital Strategies LLC lifted its position in iShares iBonds Dec 2024 Term Corporate ETF by 4.0% in the 2nd quarter. Archford Capital Strategies LLC now owns 91,957 shares of the company’s stock valued at $2,311,000 after purchasing an additional 3,542 shares during 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.