iShares iBonds Dec 2029 Term Muni Bond ETF (NYSEARCA:IBMR) Trading Down 0.3% – Here’s Why

Shares of iShares iBonds Dec 2029 Term Muni Bond ETF (NYSEARCA:IBMR) were down 0.3% on Monday . The company traded as low as $25.34 and last traded at $25.35. Approximately 76,651 shares changed hands during trading, an increase of 38% from the average daily volume of 55,389 shares. The stock had previously closed at $25.43.

iShares iBonds Dec 2029 Term Muni Bond ETF Stock Down 0.3%

The business has a 50 day moving average of $25.44 and a two-hundred day moving average of $25.34.

Institutional Trading of iShares iBonds Dec 2029 Term Muni Bond ETF

Several hedge funds and other institutional investors have recently modified their holdings of IBMR. Cary Street Partners Financial LLC bought a new position in iShares iBonds Dec 2029 Term Muni Bond ETF in the 1st quarter valued at about $200,000. MassMutual Private Wealth & Trust FSB acquired a new position in shares of iShares iBonds Dec 2029 Term Muni Bond ETF in the second quarter valued at approximately $317,000. Newman Dignan & Sheerar Inc. increased its stake in shares of iShares iBonds Dec 2029 Term Muni Bond ETF by 9.4% during the second quarter. Newman Dignan & Sheerar Inc. now owns 16,414 shares of the company’s stock worth $414,000 after purchasing an additional 1,413 shares during the period. Spinnaker Trust bought a new position in shares of iShares iBonds Dec 2029 Term Muni Bond ETF during the second quarter worth approximately $415,000. Finally, 10Elms LLP lifted its holdings in iShares iBonds Dec 2029 Term Muni Bond ETF by 3.6% during the 3rd quarter. 10Elms LLP now owns 20,400 shares of the company’s stock worth $521,000 after purchasing an additional 700 shares during the last quarter.

About iShares iBonds Dec 2029 Term Muni Bond ETF

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.