Novem Group Takes $3.39 Million Position in iShares iBonds Dec 2027 Term Corporate ETF (NYSEARCA:IBDS)

Novem Group purchased a new stake in shares of iShares iBonds Dec 2027 Term Corporate ETF (NYSEARCA:IBDS) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 141,403 shares of the company’s stock, valued at approximately $3,388,000. Novem Group owned about 0.14% of iShares iBonds Dec 2027 Term Corporate ETF at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. RVW Wealth LLC grew its stake in shares of iShares iBonds Dec 2027 Term Corporate ETF by 9.2% during the fourth quarter. RVW Wealth LLC now owns 956,044 shares of the company’s stock valued at $22,907,000 after purchasing an additional 80,187 shares during the last quarter. Captrust Financial Advisors grew its stake in shares of iShares iBonds Dec 2027 Term Corporate ETF by 42.3% during the fourth quarter. Captrust Financial Advisors now owns 589,568 shares of the company’s stock valued at $14,126,000 after purchasing an additional 175,143 shares during the last quarter. Arrow Financial Corp grew its stake in shares of iShares iBonds Dec 2027 Term Corporate ETF by 4.0% during the fourth quarter. Arrow Financial Corp now owns 579,725 shares of the company’s stock valued at $13,890,000 after purchasing an additional 22,092 shares during the last quarter. Spinnaker Trust grew its stake in shares of iShares iBonds Dec 2027 Term Corporate ETF by 53.0% during the fourth quarter. Spinnaker Trust now owns 373,877 shares of the company’s stock valued at $8,958,000 after purchasing an additional 129,587 shares during the last quarter. Finally, Lyell Wealth Management LP lifted its holdings in iShares iBonds Dec 2027 Term Corporate ETF by 5.0% in the fourth quarter. Lyell Wealth Management LP now owns 363,921 shares of the company’s stock valued at $8,720,000 after buying an additional 17,490 shares during the period.

iShares iBonds Dec 2027 Term Corporate ETF Stock Performance

Shares of NYSEARCA IBDS opened at $24.15 on Wednesday. The company’s 50 day simple moving average is $24.11 and its 200 day simple moving average is $24.05. iShares iBonds Dec 2027 Term Corporate ETF has a fifty-two week low of $23.59 and a fifty-two week high of $24.68.

iShares iBonds Dec 2027 Term Corporate ETF Profile

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.