Exchange Capital Management Inc. Has $1.26 Million Holdings in iBonds Dec 2023 Term Corporate ETF (NYSEARCA:IBDO)

Exchange Capital Management Inc. increased its holdings in iBonds Dec 2023 Term Corporate ETF (NYSEARCA:IBDO) by 8.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 50,374 shares of the company’s stock after purchasing an additional 3,833 shares during the quarter. Exchange Capital Management Inc. owned approximately 0.19% of iBonds Dec 2023 Term Corporate ETF worth $1,260,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of IBDO. Bank of New York Mellon Corp raised its holdings in shares of iBonds Dec 2023 Term Corporate ETF by 23.1% during the third quarter. Bank of New York Mellon Corp now owns 20,784 shares of the company’s stock valued at $505,000 after purchasing an additional 3,896 shares during the period. HM Payson & Co. acquired a new stake in shares of iBonds Dec 2023 Term Corporate ETF in the 3rd quarter worth about $486,000. First Fiduciary Investment Counsel Inc. acquired a new stake in shares of iBonds Dec 2023 Term Corporate ETF in the 4th quarter worth about $172,000. Rehmann Capital Advisory Group raised its holdings in shares of iBonds Dec 2023 Term Corporate ETF by 98.2% in the 3rd quarter. Rehmann Capital Advisory Group now owns 10,967 shares of the company’s stock worth $267,000 after acquiring an additional 5,435 shares during the last quarter. Finally, CORDA Investment Management LLC. raised its holdings in shares of iBonds Dec 2023 Term Corporate ETF by 27.8% in the 4th quarter. CORDA Investment Management LLC. now owns 192,810 shares of the company’s stock worth $4,664,000 after acquiring an additional 41,895 shares during the last quarter.

IBDO opened at $24.94 on Friday. iBonds Dec 2023 Term Corporate ETF has a fifty-two week low of $23.96 and a fifty-two week high of $25.08.

The firm also recently announced a monthly dividend, which was paid on Tuesday, May 7th. Investors of record on Thursday, May 2nd were issued a $0.0643 dividend. The ex-dividend date of this dividend was Wednesday, May 1st. This represents a $0.77 dividend on an annualized basis and a dividend yield of 3.09%.

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Institutional Ownership by Quarter for iBonds Dec 2023 Term Corporate ETF (NYSEARCA:IBDO)

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