iShares iBonds Dec 2024 Term Corporate ETF (NYSEARCA:IBDP) Reaches New 1-Year High – Time to Buy?

iShares iBonds Dec 2024 Term Corporate ETF (NYSEARCA:IBDP) shares hit a new 52-week high during mid-day trading on Friday . The company traded as high as $25.21 and last traded at $25.20, with a volume of 19203 shares changing hands. The stock had previously closed at $25.19.

iShares iBonds Dec 2024 Term Corporate ETF Price Performance

The stock has a 50-day simple moving average of $25.16 and a 200-day simple moving average of $25.11.

Hedge Funds Weigh In On iShares iBonds Dec 2024 Term Corporate ETF

A number of institutional investors have recently made changes to their positions in the business. Farther Finance Advisors LLC raised its position in shares of iShares iBonds Dec 2024 Term Corporate ETF by 2.0% during the 2nd quarter. Farther Finance Advisors LLC now owns 20,511 shares of the company’s stock valued at $514,000 after acquiring an additional 398 shares in the last quarter. Buffington Mohr McNeal raised its position in shares of iShares iBonds Dec 2024 Term Corporate ETF by 2.6% during the 2nd quarter. Buffington Mohr McNeal now owns 47,429 shares of the company’s stock valued at $1,192,000 after acquiring an additional 1,198 shares in the last quarter. United Community Bank raised its position in shares of iShares iBonds Dec 2024 Term Corporate ETF by 11.2% during the 1st quarter. United Community Bank now owns 15,014 shares of the company’s stock valued at $376,000 after acquiring an additional 1,510 shares in the last quarter. Spinnaker Trust raised its position in shares of iShares iBonds Dec 2024 Term Corporate ETF by 1.2% during the 2nd quarter. Spinnaker Trust now owns 124,538 shares of the company’s stock valued at $3,130,000 after acquiring an additional 1,522 shares in the last quarter. Finally, Horan Securities Inc. raised its position in shares of iShares iBonds Dec 2024 Term Corporate ETF by 4.3% during the 1st quarter. Horan Securities Inc. now owns 38,351 shares of the company’s stock valued at $961,000 after acquiring an additional 1,592 shares in the last quarter.

About iShares iBonds Dec 2024 Term Corporate ETF

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.