Exchange Capital Management Inc. Reduces Stock Position in iShares iBonds Dec 2029 Term Muni Bond ETF (NYSEARCA:IBMR)

Exchange Capital Management Inc. trimmed its position in iShares iBonds Dec 2029 Term Muni Bond ETF (NYSEARCA:IBMR) by 5.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,939 shares of the company’s stock after selling 1,085 shares during the quarter. Exchange Capital Management Inc. owned about 0.47% of iShares iBonds Dec 2029 Term Muni Bond ETF worth $448,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Praetorian Wealth Management Inc. lifted its position in iShares iBonds Dec 2029 Term Muni Bond ETF by 29.9% during the fourth quarter. Praetorian Wealth Management Inc. now owns 153,688 shares of the company’s stock valued at $3,839,000 after purchasing an additional 35,420 shares during the period. Lbmc Investment Advisors LLC purchased a new position in shares of iShares iBonds Dec 2029 Term Muni Bond ETF during the 4th quarter valued at about $1,682,000. Blue Square Asset Management LLC acquired a new position in shares of iShares iBonds Dec 2029 Term Muni Bond ETF in the 4th quarter valued at about $755,000. Crews Bank & Trust purchased a new stake in shares of iShares iBonds Dec 2029 Term Muni Bond ETF in the fourth quarter worth about $442,000. Finally, Newman Dignan & Sheerar Inc. acquired a new stake in iShares iBonds Dec 2029 Term Muni Bond ETF during the fourth quarter worth about $375,000.

iShares iBonds Dec 2029 Term Muni Bond ETF Trading Up 0.3 %

Shares of IBMR stock opened at $25.25 on Wednesday. iShares iBonds Dec 2029 Term Muni Bond ETF has a twelve month low of $24.57 and a twelve month high of $25.52. The stock has a 50 day moving average of $25.03 and a 200 day moving average of $25.18.

iShares iBonds Dec 2029 Term Muni Bond ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, February 6th. Stockholders of record on Monday, February 3rd were issued a dividend of $0.0514 per share. The ex-dividend date of this dividend was Monday, February 3rd.

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.