Confluence Investment Management LLC Reduces Stock Holdings in iShares iBonds Dec 2029 Term Muni Bond ETF (NYSEARCA:IBMR)

Confluence Investment Management LLC decreased its holdings in iShares iBonds Dec 2029 Term Muni Bond ETF (NYSEARCA:IBMR) by 9.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,649 shares of the company’s stock after selling 1,237 shares during the period. Confluence Investment Management LLC owned 0.30% of iShares iBonds Dec 2029 Term Muni Bond ETF worth $290,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Praetorian Wealth Management Inc. raised its holdings in shares of iShares iBonds Dec 2029 Term Muni Bond ETF by 115.2% in the 1st quarter. Praetorian Wealth Management Inc. now owns 90,533 shares of the company’s stock valued at $2,286,000 after acquiring an additional 48,464 shares in the last quarter. Sandy Spring Bank lifted its position in iShares iBonds Dec 2029 Term Muni Bond ETF by 80.7% during the fourth quarter. Sandy Spring Bank now owns 8,780 shares of the company’s stock valued at $225,000 after purchasing an additional 3,920 shares during the last quarter. Finally, Prime Capital Investment Advisors LLC purchased a new position in iShares iBonds Dec 2029 Term Muni Bond ETF in the 4th quarter worth approximately $226,000.

iShares iBonds Dec 2029 Term Muni Bond ETF Stock Performance

NYSEARCA IBMR traded up $0.05 during trading on Monday, hitting $25.29. 2,198 shares of the company’s stock traded hands, compared to its average volume of 22,701. iShares iBonds Dec 2029 Term Muni Bond ETF has a 12-month low of $23.61 and a 12-month high of $25.68. The stock has a fifty day moving average of $24.87 and a two-hundred day moving average of $25.08.

iShares iBonds Dec 2029 Term Muni Bond ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, July 5th. Shareholders of record on Monday, July 1st were issued a $0.0545 dividend. The ex-dividend date of this dividend was Monday, July 1st.

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.