Confluence Investment Management LLC Grows Stock Position in iShares iBonds Dec 2028 Term Muni Bond ETF (BATS:IBMQ)

Confluence Investment Management LLC raised its holdings in iShares iBonds Dec 2028 Term Muni Bond ETF (BATS:IBMQ) by 204.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,636 shares of the company’s stock after buying an additional 22,581 shares during the quarter. Confluence Investment Management LLC owned approximately 0.27% of iShares iBonds Dec 2028 Term Muni Bond ETF worth $862,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Janney Montgomery Scott LLC grew its holdings in iShares iBonds Dec 2028 Term Muni Bond ETF by 53.6% in the first quarter. Janney Montgomery Scott LLC now owns 14,736 shares of the company’s stock valued at $372,000 after purchasing an additional 5,144 shares during the period. Lbmc Investment Advisors LLC boosted its holdings in iShares iBonds Dec 2028 Term Muni Bond ETF by 46.2% in the second quarter. Lbmc Investment Advisors LLC now owns 144,852 shares of the company’s stock valued at $3,624,000 after acquiring an additional 45,745 shares during the last quarter. Archford Capital Strategies LLC increased its stake in iShares iBonds Dec 2028 Term Muni Bond ETF by 11.9% during the second quarter. Archford Capital Strategies LLC now owns 17,607 shares of the company’s stock worth $441,000 after acquiring an additional 1,879 shares during the last quarter. Exchange Capital Management Inc. acquired a new position in shares of iShares iBonds Dec 2028 Term Muni Bond ETF in the 2nd quarter valued at about $328,000. Finally, Spinnaker Trust grew its holdings in shares of iShares iBonds Dec 2028 Term Muni Bond ETF by 5.5% during the 2nd quarter. Spinnaker Trust now owns 18,200 shares of the company’s stock worth $455,000 after purchasing an additional 945 shares during the period.

iShares iBonds Dec 2028 Term Muni Bond ETF Stock Performance

BATS IBMQ opened at $25.33 on Friday. The firm has a 50 day simple moving average of $25.46 and a 200 day simple moving average of $25.24.

iShares iBonds Dec 2028 Term Muni Bond ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, September 3rd were paid a $0.049 dividend. The ex-dividend date was Tuesday, September 3rd.

About iShares iBonds Dec 2028 Term Muni Bond ETF

The iShares iBonds Dec 2028 Term Muni Bond ETF (IBMQ) 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 2028. IBMQ was launched on Apr 16, 2019 and is managed by BlackRock.