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 dropped 0.3% on Thursday . The stock traded as low as $25.15 and last traded at $25.18. Approximately 61,115 shares traded 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 Price Performance

The company’s 50 day simple moving average is $25.33 and its 200-day simple moving average is $25.44.

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

Several institutional investors and hedge funds have recently bought and sold shares of IBMR. Flow Traders U.S. LLC raised its holdings in iShares iBonds Dec 2029 Term Muni Bond ETF by 9.4% in 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. Integrated Wealth Concepts LLC grew its stake in iShares iBonds Dec 2029 Term Muni Bond ETF by 3.9% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 41,062 shares of the company’s stock worth $1,048,000 after purchasing an additional 1,559 shares in the last quarter. United Capital Financial Advisors LLC raised its position in iShares iBonds Dec 2029 Term Muni Bond ETF by 14.7% in the 3rd quarter. United Capital Financial Advisors LLC now owns 113,259 shares of the company’s stock valued at $2,891,000 after purchasing an additional 14,557 shares in the last quarter. NewEdge Advisors LLC grew its position in shares of iShares iBonds Dec 2029 Term Muni Bond ETF by 1.3% during the third quarter. NewEdge Advisors LLC now owns 84,023 shares of the company’s stock worth $2,145,000 after buying an additional 1,106 shares in the last quarter. Finally, Praetorian Wealth Management Inc. increased its stake in shares of iShares iBonds Dec 2029 Term Muni Bond ETF by 17.2% during the fourth quarter. Praetorian Wealth Management Inc. now owns 205,521 shares of the company’s stock worth $5,226,000 after buying an additional 30,120 shares during the period.

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.