iShares iBonds Dec 2024 Term Muni Bond ETF (BATS:IBMM) Stock Pass Above 200-Day Moving Average – Here’s Why

Shares of iShares iBonds Dec 2024 Term Muni Bond ETF (BATS:IBMM) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $26.05 and traded as high as $26.10. iShares iBonds Dec 2024 Term Muni Bond ETF shares last traded at $26.09, with a volume of 217,004 shares changing hands.

iShares iBonds Dec 2024 Term Muni Bond ETF Stock Down 0.1 %

The firm’s fifty day simple moving average is $26.08 and its 200 day simple moving average is $26.05.

iShares iBonds Dec 2024 Term Muni Bond ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, September 3rd were given a dividend of $0.0557 per share. This is a boost from iShares iBonds Dec 2024 Term Muni Bond ETF’s previous dividend of $0.05. The ex-dividend date was Tuesday, September 3rd.

Institutional Investors Weigh In On iShares iBonds Dec 2024 Term Muni Bond ETF

Institutional investors have recently bought and sold shares of the business. Coastline Trust Co acquired a new position in shares of iShares iBonds Dec 2024 Term Muni Bond ETF in the 3rd quarter valued at about $92,000. ORG Partners LLC acquired a new position in iShares iBonds Dec 2024 Term Muni Bond ETF in the 2nd quarter valued at approximately $100,000. Private Trust Co. NA lifted its position in iShares iBonds Dec 2024 Term Muni Bond ETF by 17.6% in the 3rd quarter. Private Trust Co. NA now owns 9,849 shares of the company’s stock worth $257,000 after buying an additional 1,474 shares in the last quarter. Archford Capital Strategies LLC boosted its stake in shares of iShares iBonds Dec 2024 Term Muni Bond ETF by 9.9% during the 2nd quarter. Archford Capital Strategies LLC now owns 20,190 shares of the company’s stock valued at $526,000 after buying an additional 1,815 shares during the period. Finally, Global Financial Private Client LLC grew its holdings in shares of iShares iBonds Dec 2024 Term Muni Bond ETF by 2.0% during the 2nd quarter. Global Financial Private Client LLC now owns 33,511 shares of the company’s stock valued at $873,000 after acquiring an additional 664 shares in the last quarter.

About iShares iBonds Dec 2024 Term Muni Bond ETF

The iShares iBonds Dec 2024 Term Muni Bond ETF (IBMM) is an exchange-traded fund that is based on the S&P AMT-Free Municipal Series 2024 index. The fund tracks a market-value-weighted index of investment-grade AMT-Free municipal bonds that mature between January 1 and December 2, 2024. IBMM was launched on Mar 20, 2018 and is managed by BlackRock.