Parallel Advisors LLC Raises Stake in iShares iBonds Dec 2030 Term Corporate ETF (NYSEARCA:IBDV)

Parallel Advisors LLC increased its stake in iShares iBonds Dec 2030 Term Corporate ETF (NYSEARCA:IBDV) by 23.8% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 249,375 shares of the company’s stock after buying an additional 47,909 shares during the period. Parallel Advisors LLC’s holdings in iShares iBonds Dec 2030 Term Corporate ETF were worth $5,327,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Private Trust Co. NA purchased a new position in shares of iShares iBonds Dec 2030 Term Corporate ETF in the 4th quarter worth about $25,000. Newman Dignan & Sheerar Inc. raised its stake in iShares iBonds Dec 2030 Term Corporate ETF by 6.3% in the 4th quarter. Newman Dignan & Sheerar Inc. now owns 20,532 shares of the company’s stock valued at $439,000 after acquiring an additional 1,214 shares during the period. Bank of Jackson Hole Trust bought a new stake in iShares iBonds Dec 2030 Term Corporate ETF in the 4th quarter valued at about $42,000. First United Bank & Trust bought a new stake in iShares iBonds Dec 2030 Term Corporate ETF in the 4th quarter valued at about $47,000. Finally, Gradient Capital Advisors LLC raised its stake in iShares iBonds Dec 2030 Term Corporate ETF by 10.0% in the 4th quarter. Gradient Capital Advisors LLC now owns 27,647 shares of the company’s stock valued at $591,000 after acquiring an additional 2,517 shares during the period.

iShares iBonds Dec 2030 Term Corporate ETF Stock Performance

Shares of iShares iBonds Dec 2030 Term Corporate ETF stock opened at $21.55 on Tuesday. iShares iBonds Dec 2030 Term Corporate ETF has a 52-week low of $20.77 and a 52-week high of $22.43. The stock’s 50-day simple moving average is $21.46 and its 200 day simple moving average is $21.64.

About iShares iBonds Dec 2030 Term Corporate ETF

The iShares iBonds Dec 2030 Term Corporate ETF (IBDV) 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 Jan 1 and Dec 15, 2029. IBDV was launched on Jun 23, 2020 and is managed by BlackRock.