iShares iBonds Dec 2027 Term Corporate ETF (NYSEARCA:IBDS) Hits New 52-Week High – Time to Buy?

iShares iBonds Dec 2027 Term Corporate ETF (NYSEARCA:IBDS) hit a new 52-week high during trading on Monday . The company traded as high as $24.69 and last traded at $24.35, with a volume of 201 shares trading hands. The stock had previously closed at $24.34.

iShares iBonds Dec 2027 Term Corporate ETF Stock Up 0.0%

The firm has a fifty day moving average of $24.30 and a two-hundred day moving average of $24.20.

Institutional Trading of iShares iBonds Dec 2027 Term Corporate ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. Atlantic Union Bankshares Corp bought a new position in shares of iShares iBonds Dec 2027 Term Corporate ETF in the second quarter worth $6,172,000. Confluence Investment Management LLC lifted its holdings in iShares iBonds Dec 2027 Term Corporate ETF by 155.7% during the 3rd quarter. Confluence Investment Management LLC now owns 416,135 shares of the company’s stock worth $10,129,000 after purchasing an additional 253,368 shares in the last quarter. Rebalance LLC boosted its stake in iShares iBonds Dec 2027 Term Corporate ETF by 54.9% in the 3rd quarter. Rebalance LLC now owns 701,255 shares of the company’s stock worth $17,069,000 after purchasing an additional 248,527 shares during the period. Ameriprise Financial Inc. boosted its stake in iShares iBonds Dec 2027 Term Corporate ETF by 18.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,501,886 shares of the company’s stock worth $36,442,000 after purchasing an additional 236,150 shares during the period. Finally, Valeo Financial Advisors LLC purchased a new position in iShares iBonds Dec 2027 Term Corporate ETF during the 2nd quarter valued at about $3,083,000.

iShares iBonds Dec 2027 Term Corporate ETF Company Profile

The iShares iBonds Dec 2027 Term Corporate ETF (IBDS) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a Bloomberg global index of USD-denominated, investment-grade corporate bonds maturing between December 31, 2026 and December 16, 2027. IBDS was launched on Sep 12, 2017 and is managed by BlackRock.