Exchange Capital Management Inc. Grows Stock Position in iShares iBonds Dec 2027 Term Corporate ETF (NYSEARCA:IBDS)

Exchange Capital Management Inc. increased its holdings in iShares iBonds Dec 2027 Term Corporate ETF (NYSEARCA:IBDS) by 44.3% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 28,546 shares of the company’s stock after acquiring an additional 8,759 shares during the period. Exchange Capital Management Inc.’s holdings in iShares iBonds Dec 2027 Term Corporate ETF were worth $679,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in IBDS. Confluence Investment Management LLC purchased a new position in shares of iShares iBonds Dec 2027 Term Corporate ETF during the 1st quarter worth $4,060,000. Spinnaker Trust boosted its stake in iShares iBonds Dec 2027 Term Corporate ETF by 354.5% during the fourth quarter. Spinnaker Trust now owns 123,132 shares of the company’s stock worth $2,947,000 after buying an additional 96,041 shares during the period. Parallel Advisors LLC boosted its stake in iShares iBonds Dec 2027 Term Corporate ETF by 390.8% during the fourth quarter. Parallel Advisors LLC now owns 80,798 shares of the company’s stock worth $1,934,000 after buying an additional 64,336 shares during the period. Lyell Wealth Management LP increased its position in shares of iShares iBonds Dec 2027 Term Corporate ETF by 28.5% during the fourth quarter. Lyell Wealth Management LP now owns 216,270 shares of the company’s stock valued at $5,175,000 after acquiring an additional 47,916 shares during the last quarter. Finally, Prime Capital Investment Advisors LLC purchased a new stake in shares of iShares iBonds Dec 2027 Term Corporate ETF in the 4th quarter valued at approximately $1,096,000.

iShares iBonds Dec 2027 Term Corporate ETF Stock Up 0.2 %

NYSEARCA:IBDS opened at $23.67 on Wednesday. iShares iBonds Dec 2027 Term Corporate ETF has a fifty-two week low of $22.80 and a fifty-two week high of $24.06. The company has a 50 day moving average price of $23.67 and a 200 day moving average price of $23.74.

About iShares iBonds Dec 2027 Term Corporate ETF

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.