Shares of the iShares iBonds Dec 2029 Term Muni Bond ETF (NYSEARCA: IBMR) dropped by 0.2% during Monday’s mid-day trading session. The price reached a low of $25.58 before closing at $25.59. Trading volume was 36,731 shares, significantly lower than the average daily volume of 110,192 shares.
The decrease in share price comes amid a quieter trading day for the ETF, with no major news reported to influence investor activity.
**Why this matters**
The modest decline and reduced trading volume suggest limited market movement for the IBMR ETF at this time. Investors tracking municipal bond ETFs may view this as a period of stability or low volatility ahead of the bond’s maturity in 2029.
Source: NewsData