Confluence Investment Management LLC Invests $7.61 Million in iShares iBonds Dec 2032 Term Corporate ETF $IBDX

Confluence Investment Management LLC acquired a new stake in shares of iShares iBonds Dec 2032 Term Corporate ETF (NYSEARCA:IBDX) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 298,135 shares of the company’s stock, valued at approximately $7,611,000. Confluence Investment Management LLC owned 0.50% of iShares iBonds Dec 2032 Term Corporate ETF at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of IBDX. Montecito Bank & Trust purchased a new position in shares of iShares iBonds Dec 2032 Term Corporate ETF in the third quarter valued at about $638,000. Flow Traders U.S. LLC grew its position in shares of iShares iBonds Dec 2032 Term Corporate ETF by 89.6% during the second quarter. Flow Traders U.S. LLC now owns 62,965 shares of the company’s stock worth $1,592,000 after purchasing an additional 29,756 shares in the last quarter. Bank of New Hampshire raised its stake in iShares iBonds Dec 2032 Term Corporate ETF by 12.8% during the 3rd quarter. Bank of New Hampshire now owns 7,930 shares of the company’s stock valued at $203,000 after purchasing an additional 900 shares during the period. Farmers National Bank lifted its holdings in iShares iBonds Dec 2032 Term Corporate ETF by 1.5% in the 2nd quarter. Farmers National Bank now owns 28,010 shares of the company’s stock worth $708,000 after purchasing an additional 423 shares in the last quarter. Finally, CNB Bank purchased a new position in iShares iBonds Dec 2032 Term Corporate ETF in the 3rd quarter worth approximately $66,000.

iShares iBonds Dec 2032 Term Corporate ETF Stock Performance

IBDX stock opened at $25.09 on Friday. iShares iBonds Dec 2032 Term Corporate ETF has a 1-year low of $24.05 and a 1-year high of $26.77. The business has a 50 day simple moving average of $25.56 and a two-hundred day simple moving average of $25.59.

iShares iBonds Dec 2032 Term Corporate ETF Company Profile

The iShares iBonds Dec 2032 Term Corporate ETF (IBDX) 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 January 1, 2032 and December 15, 2032. IBDX was launched on Jun 28, 2022 and is managed by BlackRock.