Sandy Spring Bank lifted its stake in shares of iBonds Sep 2020 Term Muni Bond ETF (NYSEARCA:IBMI) by 22.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,260 shares of the company’s stock after purchasing an additional 2,050 shares during the quarter. Sandy Spring Bank’s holdings in iBonds Sep 2020 Term Muni Bond ETF were worth $287,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Leavell Investment Management Inc. grew its holdings in shares of iBonds Sep 2020 Term Muni Bond ETF by 2.6% during the 1st quarter. Leavell Investment Management Inc. now owns 155,997 shares of the company’s stock worth $3,978,000 after purchasing an additional 4,000 shares in the last quarter. Guidant Wealth Advisors acquired a new stake in shares of iBonds Sep 2020 Term Muni Bond ETF during the 4th quarter worth $2,019,000. Capital Directions Investment Advisors LLC acquired a new stake in shares of iBonds Sep 2020 Term Muni Bond ETF during the 4th quarter worth $500,000. Janney Montgomery Scott LLC grew its holdings in shares of iBonds Sep 2020 Term Muni Bond ETF by 47.3% during the 4th quarter. Janney Montgomery Scott LLC now owns 13,746 shares of the company’s stock worth $349,000 after purchasing an additional 4,416 shares in the last quarter. Finally, Actinver Wealth Management Inc. acquired a new stake in shares of iBonds Sep 2020 Term Muni Bond ETF during the 4th quarter worth $318,000.

IBMI opened at $25.48 on Wednesday. iBonds Sep 2020 Term Muni Bond ETF has a 52-week low of $25.17 and a 52-week high of $25.52.

The business also recently announced a monthly dividend, which was paid on Tuesday, May 7th. Stockholders of record on Thursday, May 2nd were issued a dividend of $0.0274 per share. This represents a $0.33 annualized dividend and a dividend yield of 1.29%. The ex-dividend date was Wednesday, May 1st.

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Institutional Ownership by Quarter for iBonds Sep 2020 Term Muni Bond ETF (NYSEARCA:IBMI)

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