Exchange Capital Management Inc. reduced its stake in shares of iShares iBonds Dec 2029 Term Muni Bond ETF (NYSEARCA:IBMR – Free Report) by 7.4% during the second quarter, Holdings Channel reports. The institutional investor owned 15,629 shares of the company’s stock after selling 1,240 shares during the period. Exchange Capital Management Inc.’s holdings in iShares iBonds Dec 2029 Term Muni Bond ETF were worth $394,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Princeton Global Asset Management LLC bought a new stake in iShares iBonds Dec 2029 Term Muni Bond ETF during the 1st quarter worth approximately $28,000. Cary Street Partners Financial LLC bought a new position in iShares iBonds Dec 2029 Term Muni Bond ETF in the 1st quarter worth $200,000. MassMutual Private Wealth & Trust FSB purchased a new stake in iShares iBonds Dec 2029 Term Muni Bond ETF in the 2nd quarter worth $317,000. Newman Dignan & Sheerar Inc. raised its holdings in iShares iBonds Dec 2029 Term Muni Bond ETF by 9.4% during the second quarter. Newman Dignan & Sheerar Inc. now owns 16,414 shares of the company’s stock valued at $414,000 after acquiring an additional 1,413 shares during the period. Finally, Parallel Advisors LLC raised its holdings in iShares iBonds Dec 2029 Term Muni Bond ETF by 6.0% during the second quarter. Parallel Advisors LLC now owns 20,880 shares of the company’s stock valued at $527,000 after acquiring an additional 1,179 shares during the period.
iShares iBonds Dec 2029 Term Muni Bond ETF Price Performance
NYSEARCA IBMR opened at $25.47 on Friday. iShares iBonds Dec 2029 Term Muni Bond ETF has a 12 month low of $24.34 and a 12 month high of $25.75. The stock’s 50 day moving average is $25.49 and its 200 day moving average is $25.18.
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.
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Want to see what other hedge funds are holding IBMR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares iBonds Dec 2029 Term Muni Bond ETF (NYSEARCA:IBMR – Free Report).
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