iShares iBonds Dec 2028 Term Muni Bond ETF (BATS:IBMQ) Stock Price Up 0% – Here’s Why

Shares of iShares iBonds Dec 2028 Term Muni Bond ETF (BATS:IBMQ) rose 0% during trading on Monday . The stock traded as high as $25.71 and last traded at $25.70. Approximately 73,606 shares changed hands during trading, a decline of 41% from the average daily volume of 125,573 shares. The stock had previously closed at $25.69.

iShares iBonds Dec 2028 Term Muni Bond ETF Price Performance

The stock’s 50 day moving average price is $25.61 and its two-hundred day moving average price is $25.59.

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

A number of institutional investors have recently made changes to their positions in IBMQ. Atlantic Union Bankshares Corp acquired a new stake in shares of iShares iBonds Dec 2028 Term Muni Bond ETF in the second quarter worth $1,606,000. Lbmc Investment Advisors LLC boosted its holdings in iShares iBonds Dec 2028 Term Muni Bond ETF by 16.7% in the 3rd quarter. Lbmc Investment Advisors LLC now owns 438,507 shares of the company’s stock valued at $11,243,000 after purchasing an additional 62,755 shares during the period. Leavell Investment Management Inc. grew its position in iShares iBonds Dec 2028 Term Muni Bond ETF by 93.2% in the 2nd quarter. Leavell Investment Management Inc. now owns 50,439 shares of the company’s stock worth $1,282,000 after purchasing an additional 24,328 shares during the last quarter. Spinnaker Trust increased its holdings in shares of iShares iBonds Dec 2028 Term Muni Bond ETF by 13.5% during the 2nd quarter. Spinnaker Trust now owns 54,020 shares of the company’s stock worth $1,373,000 after purchasing an additional 6,415 shares during the period. Finally, Crews Bank & Trust raised its position in shares of iShares iBonds Dec 2028 Term Muni Bond ETF by 20.0% during the third quarter. Crews Bank & Trust now owns 37,782 shares of the company’s stock valued at $969,000 after buying an additional 6,300 shares during the last quarter.

About iShares iBonds Dec 2028 Term Muni Bond ETF

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.