Spinnaker Trust Has $415,000 Stock Position in iShares iBonds Dec 2024 Term Muni Bond ETF (BATS:IBMM)

Spinnaker Trust increased its position in iShares iBonds Dec 2024 Term Muni Bond ETF (BATS:IBMM) by 31.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 15,994 shares of the company’s stock after acquiring an additional 3,870 shares during the period. Spinnaker Trust’s holdings in iShares iBonds Dec 2024 Term Muni Bond ETF were worth $415,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of IBMM. Private Trust Co. NA grew its position in shares of iShares iBonds Dec 2024 Term Muni Bond ETF by 23.1% during the 3rd quarter. Private Trust Co. NA now owns 8,987 shares of the company’s stock worth $231,000 after buying an additional 1,689 shares during the period. Hills Bank & Trust Co bought a new position in shares of iShares iBonds Dec 2024 Term Muni Bond ETF during the 3rd quarter valued at about $998,000. Princeton Global Asset Management LLC lifted its holdings in shares of iShares iBonds Dec 2024 Term Muni Bond ETF by 5.5% during the 3rd quarter. Princeton Global Asset Management LLC now owns 14,819 shares of the company’s stock valued at $381,000 after purchasing an additional 775 shares in the last quarter. Eldridge Investment Advisors Inc. lifted its holdings in shares of iShares iBonds Dec 2024 Term Muni Bond ETF by 13.0% during the 3rd quarter. Eldridge Investment Advisors Inc. now owns 19,935 shares of the company’s stock valued at $511,000 after purchasing an additional 2,301 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its holdings in shares of iShares iBonds Dec 2024 Term Muni Bond ETF by 17.3% during the 3rd quarter. Janney Montgomery Scott LLC now owns 19,870 shares of the company’s stock valued at $510,000 after purchasing an additional 2,931 shares in the last quarter.

iShares iBonds Dec 2024 Term Muni Bond ETF Stock Performance

BATS IBMM traded down $0.01 during trading on Friday, hitting $25.97. The stock had a trading volume of 22,814 shares. The company has a 50 day moving average price of $25.95 and a 200-day moving average price of $25.89.

iShares iBonds Dec 2024 Term Muni Bond ETF Increases Dividend

The company also recently announced a dividend, which was paid on Friday, April 5th. Shareholders of record on Tuesday, April 2nd were paid a $0.0409 dividend. This is a boost from iShares iBonds Dec 2024 Term Muni Bond ETF’s previous dividend of $0.04. The ex-dividend date of this dividend was Monday, April 1st.

iShares iBonds Dec 2024 Term Muni Bond ETF Company Profile

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.