iShares iBonds Dec 2029 Term Muni Bond ETF (NYSEARCA:IBMR) Trading Up 0.5% – Time to Buy?

Shares of iShares iBonds Dec 2029 Term Muni Bond ETF (NYSEARCA:IBMR) traded up 0.5% during trading on Friday . The company traded as high as $25.16 and last traded at $25.11. 41,077 shares traded hands during trading, an increase of 35% from the average session 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 firm’s fifty day simple moving average is $25.31 and its two-hundred day simple moving average is $25.08.

iShares iBonds Dec 2029 Term Muni Bond ETF Cuts Dividend

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

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Praetorian Wealth Management Inc. lifted its stake in iShares iBonds Dec 2029 Term Muni Bond ETF by 18.0% during the 2nd quarter. Praetorian Wealth Management Inc. now owns 106,824 shares of the company’s stock worth $2,656,000 after acquiring an additional 16,291 shares in the last quarter. Exchange Capital Management Inc. acquired a new stake in shares of iShares iBonds Dec 2029 Term Muni Bond ETF during the second quarter worth about $340,000. STAR Financial Bank purchased a new position in shares of iShares iBonds Dec 2029 Term Muni Bond ETF in the second quarter valued at approximately $297,000. Buffington Mohr McNeal acquired a new position in shares of iShares iBonds Dec 2029 Term Muni Bond ETF in the third quarter valued at approximately $255,000. Finally, Archford Capital Strategies LLC purchased a new stake in iShares iBonds Dec 2029 Term Muni Bond ETF during the 2nd quarter worth approximately $213,000.

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.