iShares iBonds Dec 2028 Term Muni Bond ETF (BATS:IBMQ) Stock Price Down 0% – Should You Sell?

Shares of iShares iBonds Dec 2028 Term Muni Bond ETF (BATS:IBMQ) fell 0% on Wednesday . The stock traded as low as $25.34 and last traded at $25.34. Approximately 109,147 shares changed hands during mid-day trading, an increase of 26% from the average daily volume of 86,402 shares. The stock had previously closed at $25.35.

iShares iBonds Dec 2028 Term Muni Bond ETF Stock Performance

The stock has a 50 day moving average price of $25.48 and a two-hundred day moving average price of $25.52.

Hedge Funds Weigh In On iShares iBonds Dec 2028 Term Muni Bond ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in IBMQ. Parallel Advisors LLC grew its position in iShares iBonds Dec 2028 Term Muni Bond ETF by 26.2% in the first quarter. Parallel Advisors LLC now owns 29,137 shares of the company’s stock worth $744,000 after acquiring an additional 6,042 shares in the last quarter. Godshalk Welsh Capital Management Inc. increased its stake in shares of iShares iBonds Dec 2028 Term Muni Bond ETF by 33.1% during the 1st quarter. Godshalk Welsh Capital Management Inc. now owns 47,000 shares of the company’s stock worth $1,200,000 after purchasing an additional 11,700 shares during the last quarter. Evergreen Private Wealth LLC raised its holdings in shares of iShares iBonds Dec 2028 Term Muni Bond ETF by 4.6% during the 1st quarter. Evergreen Private Wealth LLC now owns 51,435 shares of the company’s stock valued at $1,313,000 after purchasing an additional 2,252 shares in the last quarter. O Domhnaill Enterprises Inc. bought a new position in shares of iShares iBonds Dec 2028 Term Muni Bond ETF during the 1st quarter valued at $668,000. Finally, Spinnaker Trust lifted its stake in shares of iShares iBonds Dec 2028 Term Muni Bond ETF by 14.3% in the 1st quarter. Spinnaker Trust now owns 74,860 shares of the company’s stock valued at $1,911,000 after purchasing an additional 9,358 shares during the last quarter.

iShares iBonds Dec 2028 Term Muni Bond ETF Company Profile

The iShares iBonds Dec 2028 Term Muni Bond ETF (IBMQ) 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 2028. IBMQ was launched on Apr 16, 2019 and is managed by BlackRock.