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

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

A number of other large investors have also made changes to their positions in IBMR. Leavell Investment Management Inc. purchased a new position in iShares iBonds Dec 2029 Term Muni Bond ETF during the third quarter worth approximately $214,000. Confluence Investment Management LLC increased its stake in shares of 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 worth $309,000 after acquiring an additional 490 shares during the last quarter. Newman Dignan & Sheerar Inc. purchased a new position in shares of iShares iBonds Dec 2029 Term Muni Bond ETF during the 4th quarter worth $375,000. Crews Bank & Trust acquired a new position in shares of iShares iBonds Dec 2029 Term Muni Bond ETF during the 4th quarter valued at about $442,000. Finally, Blue Square Asset Management LLC acquired a new position in shares of iShares iBonds Dec 2029 Term Muni Bond ETF during the 4th quarter valued at about $755,000.

iShares iBonds Dec 2029 Term Muni Bond ETF Stock Performance

iShares iBonds Dec 2029 Term Muni Bond ETF stock opened at $25.25 on Wednesday. The company has a 50-day moving average price of $25.03 and a 200 day moving average price of $25.18. iShares iBonds Dec 2029 Term Muni Bond ETF has a 12-month low of $24.57 and a 12-month high of $25.52.

iShares iBonds Dec 2029 Term Muni Bond ETF Cuts Dividend

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

iShares iBonds Dec 2029 Term Muni Bond ETF Company Profile

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.