iShares iBonds Dec 2029 Term Muni Bond ETF (BATS:IBMR) Shares Down 0.3% – Time to Sell?

iShares iBonds Dec 2029 Term Muni Bond ETF (BATS:IBMR) shares fell 0.3% during trading on Thursday . The company traded as low as $25.15 and last traded at $25.18. 61,115 shares changed hands during mid-day trading, a decline of 9% from the average daily volume of 66,877 shares. The stock had previously closed at $25.26.

iShares iBonds Dec 2029 Term Muni Bond ETF Trading Down 0.3%

The business has a 50 day simple moving average of $25.33 and a two-hundred day simple moving average of $25.44.

Institutional Trading of iShares iBonds Dec 2029 Term Muni Bond ETF

A number of hedge funds have recently made changes to their positions in IBMR. Crews Bank & Trust boosted its stake in iShares iBonds Dec 2029 Term Muni Bond ETF by 2.3% during the 4th quarter. Crews Bank & Trust now owns 18,125 shares of the company’s stock valued at $461,000 after acquiring an additional 415 shares during the last quarter. Confluence Investment Management LLC increased its position in shares of iShares iBonds Dec 2029 Term Muni Bond ETF by 0.9% in the 2nd quarter. Confluence Investment Management LLC now owns 87,480 shares of the company’s stock worth $2,221,000 after purchasing an additional 771 shares during the last quarter. Prime Capital Investment Advisors LLC increased its position in shares of iShares iBonds Dec 2029 Term Muni Bond ETF by 4.3% in the 4th quarter. Prime Capital Investment Advisors LLC now owns 20,497 shares of the company’s stock worth $521,000 after purchasing an additional 853 shares during the last quarter. NewEdge Advisors LLC increased its position in shares of iShares iBonds Dec 2029 Term Muni Bond ETF by 1.3% in the 3rd quarter. NewEdge Advisors LLC now owns 84,023 shares of the company’s stock worth $2,145,000 after purchasing an additional 1,106 shares during the last quarter. Finally, Integrated Wealth Concepts LLC raised its stake in shares of iShares iBonds Dec 2029 Term Muni Bond ETF by 3.9% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 41,062 shares of the company’s stock valued at $1,048,000 after purchasing an additional 1,559 shares in the last quarter.

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. IBMR was launched on May 9, 2023 and is managed by BlackRock.