iShares iBonds Dec 2029 Term Muni Bond ETF (NYSEARCA:IBMR) Shares Up 0.5% – What’s Next?

iShares iBonds Dec 2029 Term Muni Bond ETF (NYSEARCA:IBMR) rose 0.5% on Friday . The stock traded as high as $25.16 and last traded at $25.11. Approximately 41,077 shares changed hands during mid-day trading, an increase of 35% from the average daily volume of 30,404 shares. The stock had previously closed at $24.99.

iShares iBonds Dec 2029 Term Muni Bond ETF Stock Up 0.5 %

The business has a 50-day moving average of $25.31 and a 200-day moving average of $25.08.

iShares iBonds Dec 2029 Term Muni Bond ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, September 3rd were paid a $0.0524 dividend. The ex-dividend date was Tuesday, September 3rd.

Institutional Trading of iShares iBonds Dec 2029 Term Muni Bond ETF

Several institutional investors and hedge funds have recently bought and sold shares of the business. International Assets Investment Management LLC bought a new position in iShares iBonds Dec 2029 Term Muni Bond ETF during the second quarter worth about $128,000. Archford Capital Strategies LLC bought a new position in shares of iShares iBonds Dec 2029 Term Muni Bond ETF in the second quarter worth about $213,000. Leavell Investment Management Inc. bought a new position in iShares iBonds Dec 2029 Term Muni Bond ETF in the 3rd quarter valued at approximately $214,000. Buffington Mohr McNeal acquired a new stake in shares of iShares iBonds Dec 2029 Term Muni Bond ETF during the 3rd quarter valued at $255,000. Finally, STAR Financial Bank acquired a new stake in shares of iShares iBonds Dec 2029 Term Muni Bond ETF during the second quarter valued at about $297,000.

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.