Adirondack Trust Co. Purchases 96,173 Shares of iShares iBonds Dec 2035 Term Corporate ETF $IBCA

Adirondack Trust Co. purchased a new position in shares of iShares iBonds Dec 2035 Term Corporate ETF (NYSEARCA:IBCA) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 96,173 shares of the company’s stock, valued at approximately $2,314,000. Adirondack Trust Co. owned 0.55% of iShares iBonds Dec 2035 Term Corporate ETF as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in IBCA. Bogart Wealth LLC raised its stake in iShares iBonds Dec 2035 Term Corporate ETF by 100.5% in the 1st quarter. Bogart Wealth LLC now owns 1,153 shares of the company’s stock valued at $30,000 after acquiring an additional 578 shares during the period. Parallel Advisors LLC lifted its holdings in iShares iBonds Dec 2035 Term Corporate ETF by 64.4% during the first quarter. Parallel Advisors LLC now owns 29,981 shares of the company’s stock valued at $769,000 after purchasing an additional 11,743 shares during the last quarter. Arkadios Wealth Advisors purchased a new stake in iShares iBonds Dec 2035 Term Corporate ETF during the first quarter valued at about $256,000. Finally, Ballast Advisors LLC bought a new position in iShares iBonds Dec 2035 Term Corporate ETF during the first quarter worth about $30,000. Hedge funds and other institutional investors own 33.75% of the company’s stock.

iShares iBonds Dec 2035 Term Corporate ETF Price Performance

NYSEARCA:IBCA traded down $0.04 on Wednesday, reaching $24.11. 62,165 shares of the company’s stock were exchanged, compared to its average volume of 115,522. The firm has a market cap of $420.75 million, a price-to-earnings ratio of 30.13 and a beta of 0.17. iShares iBonds Dec 2035 Term Corporate ETF has a 52 week low of $23.86 and a 52 week high of $26.38. The stock has a fifty day simple moving average of $24.67 and a 200-day simple moving average of $25.21.

About iShares iBonds Dec 2035 Term Corporate ETF

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.