iShares iBonds Dec 2024 Term Muni Bond ETF (BATS:IBMM) Trading 0% Higher

Shares of iShares iBonds Dec 2024 Term Muni Bond ETF (BATS:IBMM) rose 0% during trading on Tuesday . The company traded as high as $26.10 and last traded at $26.10. Approximately 19,752 shares traded hands during mid-day trading, The stock had previously closed at $26.09.

iShares iBonds Dec 2024 Term Muni Bond ETF Stock Performance

The stock has a 50 day moving average price of $26.07 and a 200-day moving average price of $26.01.

iShares iBonds Dec 2024 Term Muni Bond ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, September 3rd were paid a dividend of $0.0557 per share. This is a boost from iShares iBonds Dec 2024 Term Muni Bond ETF’s previous dividend of $0.05. The ex-dividend date was Tuesday, September 3rd.

Hedge Funds Weigh In On iShares iBonds Dec 2024 Term Muni Bond ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Hills Bank & Trust Co increased its stake in iShares iBonds Dec 2024 Term Muni Bond ETF by 193.5% in the 2nd quarter. Hills Bank & Trust Co now owns 129,198 shares of the company’s stock worth $3,365,000 after buying an additional 85,180 shares in the last quarter. Lbmc Investment Advisors LLC lifted its holdings in shares of iShares iBonds Dec 2024 Term Muni Bond ETF by 9.9% in the 2nd quarter. Lbmc Investment Advisors LLC now owns 107,537 shares of the company’s stock worth $2,801,000 after buying an additional 9,713 shares during the period. Cambridge Investment Research Advisors Inc. boosted its stake in shares of iShares iBonds Dec 2024 Term Muni Bond ETF by 228.6% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 105,995 shares of the company’s stock valued at $2,751,000 after purchasing an additional 73,742 shares in the last quarter. PSI Advisors LLC purchased a new position in iShares iBonds Dec 2024 Term Muni Bond ETF in the second quarter valued at about $1,943,000. Finally, Confluence Investment Management LLC increased its position in shares of iShares iBonds Dec 2024 Term Muni Bond ETF by 14.8% during the second quarter. Confluence Investment Management LLC now owns 40,185 shares of the company’s stock worth $1,047,000 after purchasing an additional 5,180 shares in the last quarter.

About iShares iBonds Dec 2024 Term Muni Bond ETF

The iShares iBonds Dec 2024 Term Muni Bond ETF (IBMM) is an exchange-traded fund that is based on the S&P AMT-Free Municipal Series 2024 index. The fund tracks a market-value-weighted index of investment-grade AMT-Free municipal bonds that mature between January 1 and December 2, 2024. IBMM was launched on Mar 20, 2018 and is managed by BlackRock.