Coastline Trust Co Takes $92,000 Position in iShares iBonds Dec 2024 Term Muni Bond ETF (BATS:IBMM)

Coastline Trust Co purchased a new position in shares of iShares iBonds Dec 2024 Term Muni Bond ETF (BATS:IBMM) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 3,512 shares of the company’s stock, valued at approximately $92,000.

Several other institutional investors have also recently bought and sold shares of IBMM. Hills Bank & Trust Co increased its stake in shares of iShares iBonds Dec 2024 Term Muni Bond ETF by 193.5% in the second quarter. Hills Bank & Trust Co now owns 129,198 shares of the company’s stock valued at $3,365,000 after buying an additional 85,180 shares in the last quarter. Archford Capital Strategies LLC lifted its position in shares of iShares iBonds Dec 2024 Term Muni Bond ETF by 9.9% during the second quarter. Archford Capital Strategies LLC now owns 20,190 shares of the company’s stock worth $526,000 after purchasing an additional 1,815 shares in the last quarter. PSI Advisors LLC bought a new stake in shares of iShares iBonds Dec 2024 Term Muni Bond ETF during the second quarter valued at approximately $1,943,000. Janney Montgomery Scott LLC increased its holdings in shares of iShares iBonds Dec 2024 Term Muni Bond ETF by 21.3% in the first quarter. Janney Montgomery Scott LLC now owns 20,103 shares of the company’s stock valued at $522,000 after purchasing an additional 3,535 shares in the last quarter. Finally, Global Financial Private Client LLC raised its position in iShares iBonds Dec 2024 Term Muni Bond ETF by 2.0% in the 2nd quarter. Global Financial Private Client LLC now owns 33,511 shares of the company’s stock worth $873,000 after purchasing an additional 664 shares during the last quarter.

iShares iBonds Dec 2024 Term Muni Bond ETF Stock Performance

Shares of IBMM opened at $26.12 on Friday. The company has a 50 day moving average price of $26.07 and a two-hundred day moving average price of $26.04.

iShares iBonds Dec 2024 Term Muni Bond ETF Increases Dividend

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

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.