Sandy Spring Bank Takes $109,000 Position in iShares iBonds Dec 2028 Term Corporate ETF (IBDT)

Sandy Spring Bank acquired a new position in shares of iShares iBonds Dec 2028 Term Corporate ETF (NYSEARCA:IBDT) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,160 shares of the company’s stock, valued at approximately $109,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Asset Dedication LLC purchased a new stake in shares of iShares iBonds Dec 2028 Term Corporate ETF in the first quarter valued at about $107,000. HMS Capital Management LLC purchased a new stake in shares of iShares iBonds Dec 2028 Term Corporate ETF in the first quarter valued at about $278,000. Boston Advisors LLC purchased a new stake in shares of iShares iBonds Dec 2028 Term Corporate ETF in the first quarter valued at about $481,000. Finally, Confluence Investment Management LLC raised its holdings in shares of iShares iBonds Dec 2028 Term Corporate ETF by 358.3% in the first quarter. Confluence Investment Management LLC now owns 498,829 shares of the company’s stock valued at $13,037,000 after purchasing an additional 389,997 shares during the last quarter.

Shares of IBDT stock opened at $26.22 on Thursday. iShares iBonds Dec 2028 Term Corporate ETF has a one year low of $24.59 and a one year high of $26.31.

The company also recently announced a monthly dividend, which was paid on Tuesday, May 7th. Stockholders of record on Thursday, May 2nd were issued a $0.0801 dividend. The ex-dividend date of this dividend was Wednesday, May 1st. This represents a $0.96 annualized dividend and a dividend yield of 3.66%.

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