Motley Fool Wealth Management LLC Reduces Stock Position in iShares iBonds Dec 2024 Term Corporate ETF (NYSEARCA:IBDP)

Motley Fool Wealth Management LLC cut its stake in iShares iBonds Dec 2024 Term Corporate ETF (NYSEARCA:IBDP) by 34.4% in the 3rd quarter, Holdings Channel.com reports. The firm owned 697,542 shares of the company’s stock after selling 365,159 shares during the quarter. Motley Fool Wealth Management LLC’s holdings in iShares iBonds Dec 2024 Term Corporate ETF were worth $17,585,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Kennebec Savings Bank purchased a new stake in iShares iBonds Dec 2024 Term Corporate ETF in the 3rd quarter worth approximately $29,000. Godshalk Welsh Capital Management Inc. purchased a new stake in shares of iShares iBonds Dec 2024 Term Corporate ETF in the second quarter worth $209,000. Arkadios Wealth Advisors bought a new stake in iShares iBonds Dec 2024 Term Corporate ETF during the third quarter valued at $315,000. L.M. Kohn & Company grew its position in iShares iBonds Dec 2024 Term Corporate ETF by 30.2% during the third quarter. L.M. Kohn & Company now owns 13,132 shares of the company’s stock worth $331,000 after buying an additional 3,046 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in shares of iShares iBonds Dec 2024 Term Corporate ETF by 2.0% in 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.

iShares iBonds Dec 2024 Term Corporate ETF Stock Performance

Shares of IBDP opened at $25.10 on Wednesday. iShares iBonds Dec 2024 Term Corporate ETF has a 12-month low of $24.81 and a 12-month high of $25.22. The stock has a 50-day moving average price of $25.16 and a 200-day moving average price of $25.13.

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.