Spinnaker Trust Purchases 54,804 Shares of iShares iBonds Dec 2024 Term Corporate ETF (NYSEARCA:IBDP)

Spinnaker Trust lifted its position in shares of iShares iBonds Dec 2024 Term Corporate ETF (NYSEARCA:IBDP) by 90.9% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 115,083 shares of the company’s stock after buying an additional 54,804 shares during the quarter. Spinnaker Trust’s holdings in iShares iBonds Dec 2024 Term Corporate ETF were worth $2,867,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of IBDP. Farmers & Merchants Investments Inc. acquired a new stake in shares of iShares iBonds Dec 2024 Term Corporate ETF in the third quarter valued at approximately $28,000. Grove Bank & Trust bought a new stake in shares of iShares iBonds Dec 2024 Term Corporate ETF during the 3rd quarter valued at $29,000. Horizons Wealth Management grew its holdings in shares of iShares iBonds Dec 2024 Term Corporate ETF by 12.7% during the 4th quarter. Horizons Wealth Management now owns 12,958 shares of the company’s stock worth $323,000 after purchasing an additional 1,459 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of iShares iBonds Dec 2024 Term Corporate ETF in the fourth quarter worth $37,000. Finally, Sutton Wealth Advisors Inc. acquired a new position in iShares iBonds Dec 2024 Term Corporate ETF in the third quarter valued at about $39,000.

iShares iBonds Dec 2024 Term Corporate ETF Price Performance

IBDP remained flat at $25.07 on Friday. 161,800 shares of the company traded hands, compared to its average volume of 557,622. iShares iBonds Dec 2024 Term Corporate ETF has a 1-year low of $24.51 and a 1-year high of $25.08. The company has a 50 day moving average of $25.01 and a 200-day moving average of $24.91.

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.