Adirondack Trust Co. Acquires New Holdings in iShares iBonds Dec 2035 Term Corporate ETF $IBCA

Adirondack Trust Co. bought a new position in shares of iShares iBonds Dec 2035 Term Corporate ETF (NYSEARCA:IBCA) during the third quarter, Holdings Channel reports. The fund bought 96,173 shares of the company’s stock, valued at approximately $2,314,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Parallel Advisors LLC lifted its stake in iShares iBonds Dec 2035 Term Corporate ETF by 64.4% in the 1st quarter. Parallel Advisors LLC now owns 29,981 shares of the company’s stock worth $769,000 after purchasing an additional 11,743 shares in the last quarter. Arkadios Wealth Advisors bought a new position in iShares iBonds Dec 2035 Term Corporate ETF in the 1st quarter valued at $256,000. Ballast Advisors LLC purchased a new position in shares of iShares iBonds Dec 2035 Term Corporate ETF during the 1st quarter valued at $30,000. Finally, Bogart Wealth LLC increased its holdings in shares of iShares iBonds Dec 2035 Term Corporate ETF by 100.5% in the first quarter. Bogart Wealth LLC now owns 1,153 shares of the company’s stock worth $30,000 after purchasing an additional 578 shares during the period. Institutional investors own 33.75% of the company’s stock.

iShares iBonds Dec 2035 Term Corporate ETF Trading Down 0.2%

Shares of iShares iBonds Dec 2035 Term Corporate ETF stock traded down $0.04 during trading on Wednesday, hitting $24.11. The stock had a trading volume of 62,165 shares, compared to its average volume of 115,522. iShares iBonds Dec 2035 Term Corporate ETF has a 12 month low of $23.86 and a 12 month high of $26.38. The firm has a market cap of $420.75 million, a price-to-earnings ratio of 30.13 and a beta of 0.17. The business’s 50-day moving average is $24.67 and its 200 day moving average is $25.21.

iShares iBonds Dec 2035 Term Corporate ETF Company Profile

IBCA provides access to a diversified portfolio of investment-grade corporate bonds that mature between January 1, 2035, and December 15, 2035. The fund combines the defined maturity and regular income distribution characteristics of a bond with the transparency and tradability of a stock.