Sandy Spring Bank Boosts Stock Position in iShares iBonds Dec 2034 Term Corporate ETF (NYSEARCA:IBDZ)

Sandy Spring Bank raised its stake in iShares iBonds Dec 2034 Term Corporate ETF (NYSEARCA:IBDZ) by 406.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 141,398 shares of the company’s stock after purchasing an additional 113,454 shares during the quarter. Sandy Spring Bank’s holdings in iShares iBonds Dec 2034 Term Corporate ETF were worth $3,599,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Montecito Bank & Trust boosted its holdings in shares of iShares iBonds Dec 2034 Term Corporate ETF by 6.6% in the fourth quarter. Montecito Bank & Trust now owns 16,397 shares of the company’s stock valued at $417,000 after acquiring an additional 1,016 shares in the last quarter. Archford Capital Strategies LLC purchased a new stake in iShares iBonds Dec 2034 Term Corporate ETF in the 4th quarter valued at approximately $1,925,000. Gradient Capital Advisors LLC increased its position in iShares iBonds Dec 2034 Term Corporate ETF by 30.0% during the 4th quarter. Gradient Capital Advisors LLC now owns 9,923 shares of the company’s stock worth $253,000 after purchasing an additional 2,288 shares during the period. Finally, Parallel Advisors LLC increased its position in iShares iBonds Dec 2034 Term Corporate ETF by 2,520.1% during the 4th quarter. Parallel Advisors LLC now owns 118,375 shares of the company’s stock worth $3,013,000 after purchasing an additional 113,857 shares during the period.

iShares iBonds Dec 2034 Term Corporate ETF Price Performance

IBDZ opened at $25.79 on Friday. iShares iBonds Dec 2034 Term Corporate ETF has a 12 month low of $24.78 and a 12 month high of $27.57. The business has a 50 day simple moving average of $25.55 and a 200-day simple moving average of $25.85.

iShares iBonds Dec 2034 Term Corporate ETF Company Profile

The iShares iBonds Dec 2034 Term Corporate ETF (IBDZ) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a Bloomberg index composed of USD-denominated, investment-grade corporate bonds maturing between January 1, 2034, and December 15, 2034. IBDZ was launched on May 22, 2024 and is issued by BlackRock.