iShares iBonds Dec 2024 Term Corporate ETF (NYSEARCA:IBDP) Reaches New 52-Week High – Time to Buy?

Shares of iShares iBonds Dec 2024 Term Corporate ETF (NYSEARCA:IBDP) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $25.21 and last traded at $25.21, with a volume of 10 shares traded. The stock had previously closed at $25.20.

iShares iBonds Dec 2024 Term Corporate ETF Price Performance

The company has a 50 day moving average price of $25.16 and a 200 day moving average price of $25.11.

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

A number of institutional investors have recently modified their holdings of the company. BNP Paribas Financial Markets acquired a new stake in shares of iShares iBonds Dec 2024 Term Corporate ETF in the 1st quarter worth about $118,000. Horan Securities Inc. raised its stake in shares of iShares iBonds Dec 2024 Term Corporate ETF by 4.3% in the first quarter. Horan Securities Inc. now owns 38,351 shares of the company’s stock worth $961,000 after purchasing an additional 1,592 shares during the last quarter. United Community Bank lifted its holdings in shares of iShares iBonds Dec 2024 Term Corporate ETF by 11.2% in the first quarter. United Community Bank now owns 15,014 shares of the company’s stock valued at $376,000 after purchasing an additional 1,510 shares in the last quarter. Gould Asset Management LLC CA boosted its position in shares of iShares iBonds Dec 2024 Term Corporate ETF by 33.6% during the first quarter. Gould Asset Management LLC CA now owns 32,065 shares of the company’s stock valued at $803,000 after buying an additional 8,060 shares during the last quarter. Finally, Motley Fool Wealth Management LLC grew its holdings in iShares iBonds Dec 2024 Term Corporate ETF by 2.5% during the first quarter. Motley Fool Wealth Management LLC now owns 1,042,766 shares of the company’s stock worth $26,121,000 after buying an additional 25,289 shares in the last quarter.

iShares iBonds Dec 2024 Term Corporate ETF Company Profile

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.