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

Shares of iShares iBonds Dec 2029 Term Muni Bond ETF (NYSEARCA:IBMR) traded up 0% during mid-day trading on Friday . The company traded as high as $24.95 and last traded at $24.92. 101,369 shares were traded during trading, an increase of 182% from the average session volume of 36,005 shares. The stock had previously closed at $24.91.

iShares iBonds Dec 2029 Term Muni Bond ETF Stock Up 0.0 %

The stock’s fifty day simple moving average is $25.11 and its 200-day simple moving average is $25.15.

Institutional Investors Weigh In On iShares iBonds Dec 2029 Term Muni Bond ETF

Several hedge funds have recently modified their holdings of IBMR. Praetorian Wealth Management Inc. grew its position in iShares iBonds Dec 2029 Term Muni Bond ETF by 10.7% during the third quarter. Praetorian Wealth Management Inc. now owns 118,268 shares of the company’s stock valued at $3,015,000 after acquiring an additional 11,444 shares during the period. Parallel Advisors LLC boosted its position in iShares iBonds Dec 2029 Term Muni Bond ETF by 22.5% during the 2nd quarter. Parallel Advisors LLC now owns 17,431 shares of the company’s stock worth $433,000 after purchasing an additional 3,204 shares during the period. Confluence Investment Management LLC increased its holdings in iShares iBonds Dec 2029 Term Muni Bond ETF by 4.2% in the 3rd quarter. Confluence Investment Management LLC now owns 12,139 shares of the company’s stock valued at $309,000 after purchasing an additional 490 shares in the last quarter. STAR Financial Bank purchased a new position in iShares iBonds Dec 2029 Term Muni Bond ETF in the second quarter valued at about $297,000. Finally, International Assets Investment Management LLC purchased a new position in iShares iBonds Dec 2029 Term Muni Bond ETF in the second quarter valued at about $128,000.

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.