iShares iBonds Dec 2027 Term Muni Bond ETF (BATS:IBMP) Trading 0.1% Higher – Here’s Why

iShares iBonds Dec 2027 Term Muni Bond ETF (BATS:IBMP) were up 0.1% during mid-day trading on Thursday . The stock traded as high as $25.43 and last traded at $25.41. Approximately 87,931 shares changed hands during trading, an increase of 7% from the average daily volume of 81,858 shares. The stock had previously closed at $25.39.

iShares iBonds Dec 2027 Term Muni Bond ETF Stock Up 0.1%

The stock’s fifty day simple moving average is $25.43 and its 200 day simple moving average is $25.42.

Institutional Investors Weigh In On iShares iBonds Dec 2027 Term Muni Bond ETF

Several hedge funds and other institutional investors have recently made changes to their positions in IBMP. CNB Bank purchased a new position in iShares iBonds Dec 2027 Term Muni Bond ETF during the third quarter worth approximately $193,000. Princeton Global Asset Management LLC grew its holdings in iShares iBonds Dec 2027 Term Muni Bond ETF by 113.9% in the 4th quarter. Princeton Global Asset Management LLC now owns 8,450 shares of the company’s stock valued at $215,000 after buying an additional 4,500 shares in the last quarter. HORAN Wealth LLC purchased a new stake in iShares iBonds Dec 2027 Term Muni Bond ETF in the 3rd quarter valued at $218,000. Eldridge Investment Advisors Inc. acquired a new stake in shares of iShares iBonds Dec 2027 Term Muni Bond ETF in the 4th quarter worth $328,000. Finally, PNC Financial Services Group Inc. increased its stake in shares of iShares iBonds Dec 2027 Term Muni Bond ETF by 100.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 19,729 shares of the company’s stock worth $501,000 after acquiring an additional 9,880 shares during the last quarter.

iShares iBonds Dec 2027 Term Muni Bond ETF Company Profile

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.