iShares iBonds Dec 2029 Term Muni Bond ETF (NYSEARCA:IBMR) Trading 0% Higher – Should You Buy?

iShares iBonds Dec 2029 Term Muni Bond ETF (NYSEARCA:IBMR)’s stock price rose 0% on Thursday . The stock traded as high as $25.58 and last traded at $25.56. Approximately 128,845 shares changed hands during trading, an increase of 35% from the average daily volume of 95,109 shares. The stock had previously closed at $25.55.

iShares iBonds Dec 2029 Term Muni Bond ETF Price Performance

The firm has a 50 day moving average of $25.42 and a 200-day moving average of $25.42.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in IBMR. Lbmc Investment Advisors LLC grew its stake in iShares iBonds Dec 2029 Term Muni Bond ETF by 15.9% during the third quarter. Lbmc Investment Advisors LLC now owns 260,666 shares of the company’s stock worth $6,655,000 after purchasing an additional 35,845 shares during the period. Praetorian Wealth Management Inc. lifted its holdings in iShares iBonds Dec 2029 Term Muni Bond ETF by 0.9% during the third quarter. Praetorian Wealth Management Inc. now owns 175,401 shares of the company’s stock worth $4,478,000 after acquiring an additional 1,530 shares during the period. United Capital Financial Advisors LLC raised its position in iShares iBonds Dec 2029 Term Muni Bond ETF by 14.7% in the third quarter. United Capital Financial Advisors LLC now owns 113,259 shares of the company’s stock worth $2,891,000 after acquiring an additional 14,557 shares during the period. NewEdge Advisors LLC lifted its stake in iShares iBonds Dec 2029 Term Muni Bond ETF by 1.3% in the third quarter. NewEdge Advisors LLC now owns 84,023 shares of the company’s stock valued at $2,145,000 after purchasing an additional 1,106 shares during the last quarter. Finally, Confluence Investment Management LLC increased its holdings in iShares iBonds Dec 2029 Term Muni Bond ETF by 10.2% in the 4th quarter. Confluence Investment Management LLC now owns 81,442 shares of the company’s stock worth $2,071,000 after acquiring an additional 7,507 shares during 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.