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:IBMP) shares fell 0.1% during mid-day trading on Monday . The stock traded as low as $25.32 and last traded at $25.36. Approximately 35,600 shares changed hands during trading, a decline of 56% from the average session volume of 80,923 shares. The stock had previously closed at $25.38.

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

The business’s fifty day moving average is $25.39 and its two-hundred day moving average is $25.41.

Hedge Funds Weigh In On iShares iBonds Dec 2027 Term Muni Bond ETF

Several institutional investors have recently modified their holdings of the business. NewEdge Advisors LLC raised its stake in shares of iShares iBonds Dec 2027 Term Muni Bond ETF by 9.3% in the second quarter. NewEdge Advisors LLC now owns 414,771 shares of the company’s stock valued at $10,514,000 after acquiring an additional 35,356 shares in the last quarter. United Capital Financial Advisors LLC increased its holdings in iShares iBonds Dec 2027 Term Muni Bond ETF by 10.6% during the 3rd quarter. United Capital Financial Advisors LLC now owns 121,401 shares of the company’s stock worth $3,093,000 after purchasing an additional 11,675 shares during the period. Evergreen Private Wealth LLC increased its holdings in iShares iBonds Dec 2027 Term Muni Bond ETF by 9.2% during the 4th quarter. Evergreen Private Wealth LLC now owns 49,609 shares of the company’s stock worth $1,260,000 after purchasing an additional 4,188 shares during the period. Atlantic Union Bankshares Corp raised its position in iShares iBonds Dec 2027 Term Muni Bond ETF by 6.9% in the 4th quarter. Atlantic Union Bankshares Corp now owns 54,501 shares of the company’s stock valued at $1,384,000 after purchasing an additional 3,506 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its position in 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 valued at $501,000 after purchasing an additional 9,880 shares in the last quarter.

About iShares iBonds Dec 2027 Term Muni Bond ETF

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.