U.S. stock and bond markets will close on Friday in observance of Independence Day, giving traders a day off. This annual closure aligns with a longstanding tradition of recognizing the national holiday across financial markets.

Pinion Investment Advisors LLC has significantly trimmed its stake in the iShares Core Total USD Bond Market ETF, according to a recent disclosure. The firm sold 29,116 shares during the second quarter and now holds 57,444 shares in the fund.