iShares iBonds Dec 2027 Term Muni Bond ETF (BATS:IBMP) Shares Cross Above 50-Day Moving Average – Here’s Why

iShares iBonds Dec 2027 Term Muni Bond ETF (BATS:IBMP)’s stock price crossed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $25.28 and traded as high as $25.34. iShares iBonds Dec 2027 Term Muni Bond ETF shares last traded at $25.30, with a volume of 569,321 shares traded.

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

The business’s 50-day moving average is $25.28 and its two-hundred day moving average is $25.38.

Institutional Trading of iShares iBonds Dec 2027 Term Muni Bond ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in IBMP. Hughes Financial Services LLC lifted its holdings in shares of iShares iBonds Dec 2027 Term Muni Bond ETF by 33.1% in the 3rd quarter. Hughes Financial Services LLC now owns 11,008 shares of the company’s stock valued at $279,000 after purchasing an additional 2,738 shares during the last quarter. Wedbush Securities Inc. purchased a new position in iShares iBonds Dec 2027 Term Muni Bond ETF during the 2nd quarter worth approximately $350,000. PNC Financial Services Group Inc. grew its stake in iShares iBonds Dec 2027 Term Muni Bond ETF by 2.5% during the 1st 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. Parallel Advisors LLC increased its position in 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 buying an additional 644 shares during the period. Finally, Godshalk Welsh Capital Management Inc. increased its position in iShares iBonds Dec 2027 Term Muni Bond ETF by 17.1% during the first quarter. Godshalk Welsh Capital Management Inc. now owns 42,500 shares of the company’s stock worth $1,081,000 after buying an additional 6,200 shares during the period.

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.