Confluence Investment Management LLC lessened its holdings in shares of iShares iBonds Dec 2029 Term Muni Bond ETF (NYSEARCA:IBMR – Free Report) by 9.6% in the second quarter, Holdings Channel.com reports. The firm owned 11,649 shares of the company’s stock after selling 1,237 shares during the period. Confluence Investment Management LLC’s holdings in iShares iBonds Dec 2029 Term Muni Bond ETF were worth $290,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Praetorian Wealth Management Inc. increased its holdings in iShares iBonds Dec 2029 Term Muni Bond ETF by 115.2% in the first quarter. Praetorian Wealth Management Inc. now owns 90,533 shares of the company’s stock valued at $2,286,000 after buying an additional 48,464 shares during the last quarter. Sandy Spring Bank boosted its holdings in shares of iShares iBonds Dec 2029 Term Muni Bond ETF by 80.7% in the 4th quarter. Sandy Spring Bank now owns 8,780 shares of the company’s stock valued at $225,000 after buying an additional 3,920 shares during the period. Finally, Prime Capital Investment Advisors LLC acquired a new stake in iShares iBonds Dec 2029 Term Muni Bond ETF during the fourth quarter worth about $226,000.
iShares iBonds Dec 2029 Term Muni Bond ETF Stock Performance
IBMR stock traded up $0.05 during midday trading on Monday, reaching $25.29. The company had a trading volume of 2,198 shares, compared to its average volume of 22,701. The stock has a 50 day moving average price of $24.87 and a 200 day moving average price of $25.08. iShares iBonds Dec 2029 Term Muni Bond ETF has a fifty-two week low of $23.61 and a fifty-two week high of $25.68.
iShares iBonds Dec 2029 Term Muni Bond ETF Cuts Dividend
iShares iBonds Dec 2029 Term Muni Bond ETF 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.
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Want to see what other hedge funds are holding IBMR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares iBonds Dec 2029 Term Muni Bond ETF (NYSEARCA:IBMR – Free Report).
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