Confluence Investment Management LLC cut its holdings in iShares iBonds Dec 2028 Term Corporate ETF (NYSEARCA:IBDT) by 11.4% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 443,708 shares of the company’s stock after selling 56,827 shares during the quarter. Confluence Investment Management LLC owned approximately 8.62% of iShares iBonds Dec 2028 Term Corporate ETF worth $11,643,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in IBDT. Sandy Spring Bank increased its stake in shares of iShares iBonds Dec 2028 Term Corporate ETF by 115.7% in the first quarter. Sandy Spring Bank now owns 62,490 shares of the company’s stock valued at $1,640,000 after buying an additional 33,520 shares in the last quarter. Bank of New York Mellon Corp increased its position in iShares iBonds Dec 2028 Term Corporate ETF by 14.8% in the fourth quarter. Bank of New York Mellon Corp now owns 86,231 shares of the company’s stock worth $2,393,000 after purchasing an additional 11,097 shares during the period. Janney Montgomery Scott LLC increased its position in iShares iBonds Dec 2028 Term Corporate ETF by 65.8% in the first quarter. Janney Montgomery Scott LLC now owns 17,703 shares of the company’s stock worth $465,000 after purchasing an additional 7,027 shares during the period. Timber Creek Capital Management LLC boosted its holdings in iShares iBonds Dec 2028 Term Corporate ETF by 8.0% during the first quarter. Timber Creek Capital Management LLC now owns 48,765 shares of the company’s stock worth $1,279,000 after buying an additional 3,625 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its holdings in iShares iBonds Dec 2028 Term Corporate ETF by 39.6% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 12,007 shares of the company’s stock worth $315,000 after buying an additional 3,405 shares during the last quarter.

IBDT traded down $0.03 during midday trading on Friday, reaching $28.81. 24,500 shares of the company were exchanged, compared to its average volume of 41,583. iShares iBonds Dec 2028 Term Corporate ETF has a one year low of $22.94 and a one year high of $29.07. The stock’s 50-day simple moving average is $28.13 and its 200 day simple moving average is $27.70.

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Institutional Ownership by Quarter for iShares iBonds Dec 2028 Term Corporate ETF (NYSEARCA:IBDT)

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