Sandy Spring Bank Acquires 11,056 Shares of iShares iBonds Dec 2029 Term Muni Bond ETF (NYSEARCA:IBMR)

Sandy Spring Bank boosted its holdings in iShares iBonds Dec 2029 Term Muni Bond ETF (NYSEARCA:IBMR) by 29.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 48,305 shares of the company’s stock after purchasing an additional 11,056 shares during the quarter. Sandy Spring Bank owned about 1.25% of iShares iBonds Dec 2029 Term Muni Bond ETF worth $1,207,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Noble Wealth Management PBC purchased a new stake in shares of iShares iBonds Dec 2029 Term Muni Bond ETF in the 4th quarter worth approximately $50,000. Leavell Investment Management Inc. grew its stake in shares of iShares iBonds Dec 2029 Term Muni Bond ETF by 62.5% in the fourth quarter. Leavell Investment Management Inc. now owns 13,653 shares of the company’s stock worth $341,000 after acquiring an additional 5,250 shares during the last quarter. Newman Dignan & Sheerar Inc. bought a new position in shares of iShares iBonds Dec 2029 Term Muni Bond ETF during the fourth quarter valued at $375,000. Crews Bank & Trust purchased a new position in shares of iShares iBonds Dec 2029 Term Muni Bond ETF in the 4th quarter worth about $442,000. Finally, Blue Square Asset Management LLC purchased a new position in shares of iShares iBonds Dec 2029 Term Muni Bond ETF in the 4th quarter worth about $755,000.

iShares iBonds Dec 2029 Term Muni Bond ETF Price Performance

Shares of IBMR stock opened at $25.08 on Friday. iShares iBonds Dec 2029 Term Muni Bond ETF has a one year low of $24.57 and a one year high of $25.52. The company’s 50-day moving average is $25.09 and its 200 day moving average is $25.17.

iShares iBonds Dec 2029 Term Muni Bond ETF Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were given a dividend of $0.0555 per share. The ex-dividend date of this dividend was Monday, March 3rd. This is an increase from iShares iBonds Dec 2029 Term Muni Bond ETF’s previous dividend of $0.05.

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.