Exchange Capital Management Inc. Cuts Stake in iShares iBonds Dec 2029 Term Muni Bond ETF $IBMR

Exchange Capital Management Inc. cut its stake in shares of iShares iBonds Dec 2029 Term Muni Bond ETF (NYSEARCA:IBMR) by 7.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,629 shares of the company’s stock after selling 1,240 shares during the quarter. Exchange Capital Management Inc. owned about 0.15% of iShares iBonds Dec 2029 Term Muni Bond ETF worth $394,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Princeton Global Asset Management LLC purchased a new stake in iShares iBonds Dec 2029 Term Muni Bond ETF during the 1st quarter valued at about $28,000. Praetorian Wealth Management Inc. lifted its stake in shares of iShares iBonds Dec 2029 Term Muni Bond ETF by 9.2% in the first quarter. Praetorian Wealth Management Inc. now owns 167,865 shares of the company’s stock worth $4,203,000 after buying an additional 14,177 shares in the last quarter. Cary Street Partners Financial LLC purchased a new stake in shares of iShares iBonds Dec 2029 Term Muni Bond ETF during the first quarter valued at approximately $200,000. Confluence Investment Management LLC increased its position in shares of iShares iBonds Dec 2029 Term Muni Bond ETF by 544.1% during the second quarter. Confluence Investment Management LLC now owns 79,369 shares of the company’s stock valued at $2,002,000 after acquiring an additional 67,047 shares in the last quarter. Finally, Parallel Advisors LLC increased its position in shares of 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 in the last quarter.

iShares iBonds Dec 2029 Term Muni Bond ETF Stock Up 0.1%

IBMR stock 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 simple moving average is $25.49 and its 200 day simple moving average is $25.18.

iShares iBonds Dec 2029 Term Muni Bond ETF 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.