iShares iBonds Dec 2024 Term Corporate ETF Reaches New 1-Year High – Time to Buy?

The iShares iBonds Dec 2024 Term Corporate ETF (NYSEARCA:IBDP) recently hit a new 52-week high during trading on a Friday, marking a significant moment for the fund. The stock price reached a peak of $25.21 before closing at $25.20, with a total trading volume of 19,203 shares on that day. Previously, the stock had closed at $25.19.

Performance Overview

In terms of performance, the iShares iBonds Dec 2024 Term Corporate ETF seems to be holding its ground well. The fund has a 50-day simple moving average of $25.16 and a 200-day simple moving average of $25.11, indicating stability in its price trends over both short and long-term periods.

Institutional Investors’ Activity

Recently, several institutional investors have been adjusting their holdings in the iShares iBonds Dec 2024 Term Corporate ETF. For instance, BNP Paribas Financial Markets acquired a new stake in the fund during the first quarter worth approximately $118,000. Other firms like Horan Securities Inc. and United Community Bank also increased their positions by rates of 4.3% and 11.2%, respectively, showcasing renewed interest in this ETF. Additionally, Gould Asset Management LLC made a substantial move by boosting its investment by 33.6%, now owning 32,065 shares valued at about $803,000.

About the Fund

The iShares iBonds Dec 2024 Term Corporate ETF is designed to invest primarily in investment-grade fixed income assets. It tracks a global index of USD-denominated corporate bonds that are investment-grade and set to mature between December 31, 2023, and January 1, 2025. Launched on March 11, 2015, this ETF is managed by BlackRock.

Considering a Buy?

With the stock reaching a new high, potential investors are wondering if now is the right time to buy into the iShares iBonds Dec 2024 Term Corporate ETF. As always, it’s essential to consider both market conditions and personal financial situations before making any investment decisions.

Further Exploration

• Look at alternative ETFs and stocks.
• Understand the implications of interest rates on bond funds.
• Track performance comparisons with other investment options.
• Assess personal investment strategies.
• Stay informed on market trends before investing.

ETF, Investment, Finance