iShares iBonds Dec 2029 Term Muni Bond ETF (BATS:IBMR) Trading Down 0.1% – Here’s Why

iShares iBonds Dec 2029 Term Muni Bond ETF (BATS:IBMR)’s share price traded down 0.1% on Friday . The stock traded as low as $25.29 and last traded at $25.29. Approximately 65,467 shares changed hands during mid-day trading, a decline of 0% from the average daily volume of 65,530 shares. The stock had previously closed at $25.32.

iShares iBonds Dec 2029 Term Muni Bond ETF Trading Down 0.1%

The business’s fifty day simple moving average is $25.31 and its 200-day simple moving average is $25.41.

Institutional Trading of iShares iBonds Dec 2029 Term Muni Bond ETF

A number of large investors have recently added to or reduced their stakes in IBMR. Praetorian Wealth Management Inc. lifted its position in iShares iBonds Dec 2029 Term Muni Bond ETF by 1.8% during the second quarter. Praetorian Wealth Management Inc. now owns 253,195 shares of the company’s stock valued at $6,429,000 after purchasing an additional 4,388 shares during the last quarter. Matthew Goff Investment Advisor LLC purchased a new stake in shares of iShares iBonds Dec 2029 Term Muni Bond ETF during the 1st quarter valued at about $2,892,000. United Capital Financial Advisors LLC lifted its holdings in shares of iShares iBonds Dec 2029 Term Muni Bond ETF by 14.7% in the 3rd quarter. United Capital Financial Advisors LLC now owns 113,259 shares of the company’s stock valued at $2,891,000 after acquiring an additional 14,557 shares during the last quarter. Integrated Wealth Concepts LLC grew its position in iShares iBonds Dec 2029 Term Muni Bond ETF by 153.4% in the fourth quarter. Integrated Wealth Concepts LLC now owns 104,056 shares of the company’s stock worth $2,646,000 after acquiring an additional 62,994 shares in the last quarter. Finally, Confluence Investment Management LLC grew its position in iShares iBonds Dec 2029 Term Muni Bond ETF by 0.9% in the second quarter. Confluence Investment Management LLC now owns 87,480 shares of the company’s stock worth $2,221,000 after acquiring an additional 771 shares in the last quarter.

iShares iBonds Dec 2029 Term Muni Bond ETF Company Profile

The iShares iBonds Dec 2029 Term Muni Bond ETF (IBMR) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks the investment results of an investment-grade U.S. municipal bonds index expected to mature or be redeemed before mid-December 2029. IBMR was launched on May 9, 2023 and is managed by BlackRock.