iShares iBonds Dec 2028 Term Muni Bond ETF (BATS:IBMQ) Trading Down 0.3% – Here’s What Happened

iShares iBonds Dec 2028 Term Muni Bond ETF (BATS:IBMQ)’s share price dropped 0.3% during trading on Tuesday . The company traded as low as $25.44 and last traded at $25.44. Approximately 43,066 shares were traded during trading, a decline of 59% from the average daily volume of 105,908 shares. The stock had previously closed at $25.52.

iShares iBonds Dec 2028 Term Muni Bond ETF Stock Down 0.3%

The company’s 50 day moving average price is $25.68 and its 200 day moving average price is $25.61.

Institutional Investors Weigh In On iShares iBonds Dec 2028 Term Muni Bond ETF

A number of hedge funds have recently added to or reduced their stakes in IBMQ. PSI Advisors LLC acquired a new position in iShares iBonds Dec 2028 Term Muni Bond ETF during the 4th quarter worth approximately $2,790,000. JPMorgan Chase & Co. acquired a new stake in shares of iShares iBonds Dec 2028 Term Muni Bond ETF in the 2nd quarter valued at approximately $2,082,000. Lbmc Investment Advisors LLC boosted its stake in shares of iShares iBonds Dec 2028 Term Muni Bond ETF by 16.7% in the third quarter. Lbmc Investment Advisors LLC now owns 438,507 shares of the company’s stock valued at $11,243,000 after buying an additional 62,755 shares in the last quarter. Leavell Investment Management Inc. grew its holdings in iShares iBonds Dec 2028 Term Muni Bond ETF by 98.0% during the third quarter. Leavell Investment Management Inc. now owns 99,849 shares of the company’s stock worth $2,560,000 after acquiring an additional 49,410 shares during the period. Finally, NewEdge Advisors LLC grew its holdings in iShares iBonds Dec 2028 Term Muni Bond ETF by 7.8% during the fourth quarter. NewEdge Advisors LLC now owns 488,211 shares of the company’s stock worth $12,486,000 after acquiring an additional 35,214 shares during the period.

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.