iShares iBonds Dec 2027 Term Muni Bond ETF (BATS:IBMP) Trading Up 0.4% – Still a Buy?

iShares iBonds Dec 2027 Term Muni Bond ETF (BATS:IBMPGet Free Report) shares shot up 0.4% during trading on Thursday . The stock traded as high as $25.42 and last traded at $25.4650. 102,650 shares traded hands during mid-day trading, an increase of 29% from the average session volume of 79,436 shares. The stock had previously closed at $25.36.

iShares iBonds Dec 2027 Term Muni Bond ETF Stock Up 0.5%

The business’s 50 day moving average is $25.39 and its two-hundred day moving average is $25.42.

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 the stock. Curbstone Financial Management Corp purchased a new stake in shares of iShares iBonds Dec 2027 Term Muni Bond ETF in the third quarter worth about $552,000. Private Trust Co. NA increased its holdings in iShares iBonds Dec 2027 Term Muni Bond ETF by 19.6% during the 2nd quarter. Private Trust Co. NA now owns 13,392 shares of the company’s stock worth $339,000 after acquiring an additional 2,192 shares during the period. Atlantic Union Bankshares Corp bought a new stake in iShares iBonds Dec 2027 Term Muni Bond ETF during the 2nd quarter worth approximately $1,293,000. Strategic Blueprint LLC purchased a new stake in iShares iBonds Dec 2027 Term Muni Bond ETF in the 2nd quarter worth approximately $219,000. Finally, Spinnaker Trust boosted its holdings in iShares iBonds Dec 2027 Term Muni Bond ETF by 4.7% in the 2nd quarter. Spinnaker Trust now owns 58,700 shares of the company’s stock valued at $1,488,000 after purchasing an additional 2,650 shares during the period.

iShares iBonds Dec 2027 Term Muni Bond ETF Company Profile

(Get Free Report)

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.

Further Reading

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