iShares iBonds Dec 2029 Term Muni Bond ETF (BATS:IBMR) Stock Price Up 0.1% – Should You Buy?

Shares of iShares iBonds Dec 2029 Term Muni Bond ETF (BATS:IBMR) rose 0.1% during trading on Wednesday . The stock traded as high as $25.36 and last traded at $25.35. Approximately 17,028 shares changed hands during mid-day trading, a decline of 76% from the average daily volume of 71,796 shares. The stock had previously closed at $25.33.

iShares iBonds Dec 2029 Term Muni Bond ETF Stock Up 0.1%

The company’s 50 day simple moving average is $25.44 and its 200 day simple moving average is $25.47.

Institutional Trading of iShares iBonds Dec 2029 Term Muni Bond ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Cary Street Partners Financial LLC grew its stake in iShares iBonds Dec 2029 Term Muni Bond ETF by 8.6% in the 3rd quarter. Cary Street Partners Financial LLC now owns 8,686 shares of the company’s stock worth $222,000 after acquiring an additional 690 shares during the period. Crews Bank & Trust grew its stake in shares of 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 buying an additional 415 shares during the period. 10Elms LLP grew its stake in shares of iShares iBonds Dec 2029 Term Muni Bond ETF by 3.6% during the 3rd quarter. 10Elms LLP now owns 20,400 shares of the company’s stock valued at $521,000 after buying an additional 700 shares during the period. Prime Capital Investment Advisors LLC grew its stake in shares of iShares iBonds Dec 2029 Term Muni Bond ETF by 4.3% during the 4th quarter. Prime Capital Investment Advisors LLC now owns 20,497 shares of the company’s stock valued at $521,000 after buying an additional 853 shares during the period. Finally, Flow Traders U.S. LLC grew its stake in shares of iShares iBonds Dec 2029 Term Muni Bond ETF by 9.4% during the 3rd quarter. Flow Traders U.S. LLC now owns 23,116 shares of the company’s stock valued at $590,000 after buying an additional 1,988 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. IBMR was launched on May 9, 2023 and is managed by BlackRock.