PSI Advisors LLC Acquires New Shares in iShares iBonds Dec 2024 Term Muni Bond ETF (BATS:IBMM)

PSI Advisors LLC bought a new position in iShares iBonds Dec 2024 Term Muni Bond ETF (BATS:IBMM) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 74,610 shares of the company’s stock, valued at approximately $1,943,000. PSI Advisors LLC owned about 0.42% of iShares iBonds Dec 2024 Term Muni Bond ETF at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in IBMM. Gould Asset Management LLC CA boosted its position in iShares iBonds Dec 2024 Term Muni Bond ETF by 92.7% during the 4th quarter. Gould Asset Management LLC CA now owns 16,690 shares of the company’s stock worth $433,000 after acquiring an additional 8,030 shares during the period. Spinnaker Trust increased its holdings in shares of iShares iBonds Dec 2024 Term Muni Bond ETF by 31.9% during the 4th quarter. Spinnaker Trust now owns 15,994 shares of the company’s stock worth $415,000 after purchasing an additional 3,870 shares during the period. Cary Street Partners Asset Management LLC raised its holdings in iShares iBonds Dec 2024 Term Muni Bond ETF by 4.9% in the 4th quarter. Cary Street Partners Asset Management LLC now owns 8,361 shares of the company’s stock valued at $217,000 after acquiring an additional 390 shares in the last quarter. Eldridge Investment Advisors Inc. raised its stake in shares of iShares iBonds Dec 2024 Term Muni Bond ETF by 85.3% in the fourth quarter. Eldridge Investment Advisors Inc. now owns 36,935 shares of the company’s stock valued at $958,000 after purchasing an additional 17,000 shares in the last quarter. Finally, Hills Bank & Trust Co lifted its holdings in shares of iShares iBonds Dec 2024 Term Muni Bond ETF by 13.3% during the 4th quarter. Hills Bank & Trust Co now owns 44,018 shares of the company’s stock worth $1,141,000 after acquiring an additional 5,154 shares during the period.

iShares iBonds Dec 2024 Term Muni Bond ETF Price Performance

BATS IBMM traded down $0.01 during trading hours on Thursday, reaching $26.08. 43,149 shares of the company’s stock were exchanged. The business’s 50 day simple moving average is $26.04 and its two-hundred day simple moving average is $25.99.

iShares iBonds Dec 2024 Term Muni Bond ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, July 5th. Stockholders of record on Monday, July 1st were issued a dividend of $0.0466 per share. The ex-dividend date of this dividend was Monday, July 1st. This is a boost from iShares iBonds Dec 2024 Term Muni Bond ETF’s previous dividend of $0.04.

About iShares iBonds Dec 2024 Term Muni Bond ETF

The iShares iBonds Dec 2024 Term Muni Bond ETF (IBMM) is an exchange-traded fund that is based on the S&P AMT-Free Municipal Series 2024 index. The fund tracks a market-value-weighted index of investment-grade AMT-Free municipal bonds that mature between January 1 and December 2, 2024. IBMM was launched on Mar 20, 2018 and is managed by BlackRock.