iShares iBonds Dec 2027 Term Muni Bond ETF (BATS:IBMP) Shares Down 0.1% – Here’s What Happened

iShares iBonds Dec 2027 Term Muni Bond ETF (BATS:IBMPGet Free Report) shares fell 0.1% during trading on Monday . The company traded as low as $25.32 and last traded at $25.36. 35,600 shares were traded during mid-day trading, a decline of 56% from the average daily volume of 80,923 shares. The stock had previously closed at $25.38.

iShares iBonds Dec 2027 Term Muni Bond ETF Stock Performance

The firm has a 50-day moving average price of $25.39 and a two-hundred day moving average price of $25.41.

Institutional Trading of iShares iBonds Dec 2027 Term Muni Bond ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IBMP. PNC Financial Services Group Inc. lifted its stake in iShares iBonds Dec 2027 Term Muni Bond ETF by 2.5% in the first quarter. PNC Financial Services Group Inc. now owns 20,226 shares of the company’s stock valued at $515,000 after buying an additional 497 shares during the last quarter. Parallel Advisors LLC grew its position in shares of iShares iBonds Dec 2027 Term Muni Bond ETF by 2.1% during the first quarter. Parallel Advisors LLC now owns 30,885 shares of the company’s stock worth $786,000 after acquiring an additional 644 shares during the last quarter. 10Elms LLP increased its holdings in shares of iShares iBonds Dec 2027 Term Muni Bond ETF by 3.2% in the 4th quarter. 10Elms LLP now owns 22,694 shares of the company’s stock valued at $576,000 after acquiring an additional 700 shares during the period. Integrated Wealth Concepts LLC increased its holdings in shares of iShares iBonds Dec 2027 Term Muni Bond ETF by 1.2% in the 4th quarter. Integrated Wealth Concepts LLC now owns 203,890 shares of the company’s stock valued at $5,177,000 after acquiring an additional 2,435 shares during the period. Finally, Captrust Financial Advisors increased its holdings in shares of iShares iBonds Dec 2027 Term Muni Bond ETF by 12.7% in the 4th quarter. Captrust Financial Advisors now owns 24,522 shares of the company’s stock valued at $623,000 after acquiring an additional 2,758 shares during the period.

About iShares iBonds Dec 2027 Term Muni Bond ETF

(Get Free Report)

The iShares iBonds Dec 2027 Term Muni Bond ETF (IBMP) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks the investment results of an investment-grade U.S. municipal bonds index expected to mature or be redeemed before mid-December 2027. IBMP was launched on Apr 9, 2019 and is managed by BlackRock.

Further Reading

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