Confluence Investment Management LLC Increases Stake in iShares iBonds Dec 2031 Term Corporate ETF

On January 3rd, 2025, Confluence Investment Management LLC announced that it has increased its position in the iShares iBonds Dec 2031 Term Corporate ETF (NYSEARCA:IBDW) by 0.6% during the fourth quarter of the previous year. Following this activity, the investment firm now holds a total of 496,614 shares of the ETF. This was achieved by acquiring an additional 2,958 shares during the quarter. This stake represents approximately 1.24% of the total shares of the iShares iBonds Dec 2031 Term Corporate ETF, which is valued at around $10,106,000 at the close of that quarter.

In addition to Confluence Investment Management LLC, several other major investors have also adjusted their holdings in the same ETF. Farther Finance Advisors LLC made a new investment in the iShares iBonds Dec 2031 Term Corporate ETF in the third quarter, totaling $92,000. Meanwhile, Princeton Global Asset Management LLC significantly increased its stake by 112.4% during the same period, bringing their total holdings to 6,562 shares, valued at $139,000 after acquiring 3,473 additional shares. Moreover, Lyell Wealth Management LP raised its investments in the ETF by 42.9% in the second quarter, accumulating a total of 27,550 shares worth $559,000 after purchasing 8,275 shares.

Performance Metrics of iShares iBonds Dec 2031 Term Corporate ETF

The iShares iBonds Dec 2031 Term Corporate ETF opened at a price of $20.39 recently. It has a 50-day moving average of $20.57 and a 200-day moving average at $20.73. The ETF has experienced a 12-month low of $19.78 and a high of $21.39.

About the iShares iBonds Dec 2031 Term Corporate ETF

The iShares iBonds Dec 2031 Term Corporate ETF (IBDW) is an exchange-traded fund that primarily invests in investment-grade fixed-income securities. It tracks a Bloomberg index composed of U.S. dollar-denominated, investment-grade corporate bonds with maturities set between January 1, 2031, and December 15, 2031. This ETF was launched on June 22, 2021, and is managed by BlackRock.

investment, ETF, corporate