iShares iBonds Dec 2029 Term Muni Bond ETF (BATS:IBMR) Shares Up 0% – Here’s What Happened

Shares of iShares iBonds Dec 2029 Term Muni Bond ETF (BATS:IBMR) shot up 0% during mid-day trading on Monday . The stock traded as high as $25.39 and last traded at $25.37. Approximately 35,631 shares changed hands during trading, a decline of 48% from the average daily volume of 68,557 shares. The stock had previously closed at $25.36.

iShares iBonds Dec 2029 Term Muni Bond ETF Trading Up 0.0%

The stock has a 50-day simple moving average of $25.34 and a 200 day simple moving average of $25.45.

Institutional Investors Weigh In On iShares iBonds Dec 2029 Term Muni Bond ETF

Several institutional investors and hedge funds have recently made changes to their positions in IBMR. HORAN Wealth LLC acquired a new stake in iShares iBonds Dec 2029 Term Muni Bond ETF in the 1st quarter valued at about $217,000. Cary Street Partners Financial LLC raised its position in iShares iBonds Dec 2029 Term Muni Bond ETF by 8.6% during the third quarter. Cary Street Partners Financial LLC now owns 8,686 shares of the company’s stock worth $222,000 after acquiring an additional 690 shares during the last quarter. Crews Bank & Trust lifted its holdings in shares of iShares iBonds Dec 2029 Term Muni Bond ETF by 2.3% in the fourth quarter. Crews Bank & Trust now owns 18,125 shares of the company’s stock valued at $461,000 after purchasing an additional 415 shares in the last quarter. 10Elms LLP lifted its holdings in shares of iShares iBonds Dec 2029 Term Muni Bond ETF by 3.6% in the third quarter. 10Elms LLP now owns 20,400 shares of the company’s stock valued at $521,000 after purchasing an additional 700 shares in the last quarter. Finally, Prime Capital Investment Advisors LLC grew its position in shares of iShares iBonds Dec 2029 Term Muni Bond ETF by 4.3% in the fourth quarter. Prime Capital Investment Advisors LLC now owns 20,497 shares of the company’s stock valued at $521,000 after purchasing an additional 853 shares during 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.