iShares iBonds Dec 2028 Term Muni Bond ETF (BATS:IBMQ) Trading Down 0.1% – Here’s What Happened

Shares of iShares iBonds Dec 2028 Term Muni Bond ETF (BATS:IBMQ) fell 0.1% on Tuesday . The company traded as low as $25.46 and last traded at $25.47. Approximately 163,972 shares were traded during trading, an increase of 85% from the average daily volume of 88,637 shares. The stock had previously closed at $25.50.

iShares iBonds Dec 2028 Term Muni Bond ETF Stock Up 0.0%

The firm has a fifty day moving average of $25.52 and a 200-day moving average of $25.58.

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

Several large investors have recently bought and sold shares of IBMQ. PNC Financial Services Group Inc. grew its holdings in iShares iBonds Dec 2028 Term Muni Bond ETF by 485.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,511 shares of the company’s stock worth $39,000 after acquiring an additional 1,253 shares during the period. Princeton Global Asset Management LLC acquired a new position in shares of iShares iBonds Dec 2028 Term Muni Bond ETF in the 4th quarter valued at $120,000. HORAN Wealth LLC bought a new position in shares of iShares iBonds Dec 2028 Term Muni Bond ETF in the 4th quarter worth $217,000. Flow Traders U.S. LLC bought a new position in shares of iShares iBonds Dec 2028 Term Muni Bond ETF in the 2nd quarter worth $246,000. Finally, Captrust Financial Advisors boosted its position in shares of iShares iBonds Dec 2028 Term Muni Bond ETF by 15.2% in the 4th quarter. Captrust Financial Advisors now owns 20,880 shares of the company’s stock worth $534,000 after purchasing an additional 2,762 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.