iShares iBonds Dec 2029 Term Muni Bond ETF (NYSEARCA:IBMR) Stock Price Down 0.4% – Here’s Why

iShares iBonds Dec 2029 Term Muni Bond ETF (NYSEARCA:IBMR) fell 0.4% during mid-day trading on Friday . The company traded as low as $24.49 and last traded at $24.66. 32,851 shares traded hands during trading, a decline of 44% from the average session volume of 58,805 shares. The stock had previously closed at $24.75.

iShares iBonds Dec 2029 Term Muni Bond ETF Stock Performance

The company has a 50 day simple moving average of $25.07 and a 200 day simple moving average of $25.11.

iShares iBonds Dec 2029 Term Muni Bond ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.0555 per share. This is an increase from iShares iBonds Dec 2029 Term Muni Bond ETF’s previous dividend of $0.05. The ex-dividend date of this dividend was Monday, March 3rd.

Hedge Funds Weigh In On iShares iBonds Dec 2029 Term Muni Bond ETF

Several hedge funds have recently bought and sold shares of the stock. Praetorian Wealth Management Inc. grew its stake in iShares iBonds Dec 2029 Term Muni Bond ETF by 29.9% during the fourth quarter. Praetorian Wealth Management Inc. now owns 153,688 shares of the company’s stock worth $3,839,000 after buying an additional 35,420 shares during the period. Lbmc Investment Advisors LLC purchased a new stake in shares of iShares iBonds Dec 2029 Term Muni Bond ETF in the fourth quarter worth about $1,682,000. Blue Square Asset Management LLC purchased a new position in iShares iBonds Dec 2029 Term Muni Bond ETF in the 4th quarter worth approximately $755,000. Crews Bank & Trust purchased a new stake in shares of iShares iBonds Dec 2029 Term Muni Bond ETF during the fourth quarter valued at approximately $442,000. Finally, Leavell Investment Management Inc. boosted its stake in shares of iShares iBonds Dec 2029 Term Muni Bond ETF by 62.5% in the fourth quarter. Leavell Investment Management Inc. now owns 13,653 shares of the company’s stock valued at $341,000 after purchasing an additional 5,250 shares during the period.

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.