iShares iBonds Dec 2027 Term Muni Bond ETF (BATS:IBMP) Stock Falls 0.2% – Here’s What Happened

Shares of iShares iBonds Dec 2027 Term Muni Bond ETF (BATS:IBMP) were down 0.2% during trading on Monday. The company traded as low as $25.26 and last traded at $25.28. 252,678 shares changed hands during mid-day trading, an increase of 171% from the average session volume of 93,290 shares. The stock had previously closed at $25.34.

iShares iBonds Dec 2027 Term Muni Bond ETF Stock Down 0.2%

The stock’s 50 day simple moving average is $25.29 and its two-hundred day simple moving average is $25.38.

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

Hedge funds and other institutional investors have recently made changes to their positions in the stock. O Domhnaill Enterprises Inc. purchased a new position in iShares iBonds Dec 2027 Term Muni Bond ETF during the first quarter worth approximately $1,126,000. PNC Financial Services Group Inc. boosted its stake in iShares iBonds Dec 2027 Term Muni Bond ETF by 2.5% during the first quarter. PNC Financial Services Group Inc. now owns 20,226 shares of the company’s stock worth $515,000 after buying an additional 497 shares during the last quarter. Hughes Financial Services LLC boosted its stake in iShares iBonds Dec 2027 Term Muni Bond ETF by 33.1% during the third quarter. Hughes Financial Services LLC now owns 11,008 shares of the company’s stock worth $279,000 after buying an additional 2,738 shares during the last quarter. Heartwood Wealth Advisors LLC grew its holdings in iShares iBonds Dec 2027 Term Muni Bond ETF by 0.8% in the 3rd quarter. Heartwood Wealth Advisors LLC now owns 703,566 shares of the company’s stock valued at $17,758,000 after buying an additional 5,622 shares in the last quarter. Finally, Wedbush Securities Inc. purchased a new stake in iShares iBonds Dec 2027 Term Muni Bond ETF in the 2nd quarter valued at $350,000.

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.