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

iShares iBonds Dec 2027 Term Muni Bond ETF (BATS:IBMP)’s share price traded down 0.2% during trading on Monday. The company traded as low as $25.26 and last traded at $25.28. Approximately 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 Performance

The company has a 50 day moving average price of $25.29 and a two-hundred day moving average price of $25.38.

Hedge Funds Weigh In On iShares iBonds Dec 2027 Term Muni Bond ETF

A number of large investors have recently added to or reduced their stakes in the stock. Heartwood Wealth Advisors LLC lifted its holdings in iShares iBonds Dec 2027 Term Muni Bond ETF by 0.8% during the third quarter. Heartwood Wealth Advisors LLC now owns 703,566 shares of the company’s stock valued at $17,758,000 after purchasing an additional 5,622 shares in the last quarter. Evergreen Private Wealth LLC raised its position in shares of iShares iBonds Dec 2027 Term Muni Bond ETF by 6.9% during the 1st quarter. Evergreen Private Wealth LLC now owns 53,044 shares of the company’s stock worth $1,349,000 after purchasing an additional 3,435 shares during the last quarter. O Domhnaill Enterprises Inc. acquired a new position in shares of iShares iBonds Dec 2027 Term Muni Bond ETF during the 1st quarter worth about $1,126,000. Godshalk Welsh Capital Management Inc. raised its position in shares of iShares iBonds Dec 2027 Term Muni Bond ETF by 17.1% during the 1st quarter. Godshalk Welsh Capital Management Inc. now owns 42,500 shares of the company’s stock worth $1,081,000 after purchasing an additional 6,200 shares during the last quarter. Finally, Parallel Advisors LLC lifted its stake in iShares iBonds Dec 2027 Term Muni Bond ETF by 2.1% in the 1st quarter. Parallel Advisors LLC now owns 30,885 shares of the company’s stock valued at $786,000 after buying an additional 644 shares in the last quarter.

About iShares iBonds Dec 2027 Term Muni Bond ETF

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.