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

Shares of iShares iBonds Dec 2028 Term Muni Bond ETF (BATS:IBMQ) traded down 0% during trading on Wednesday . The company traded as low as $25.34 and last traded at $25.34. 109,147 shares changed hands during trading, an increase of 26% from the average session volume of 86,402 shares. The stock had previously closed at $25.35.

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

The firm’s fifty day simple moving average is $25.48 and its 200 day simple moving average is $25.52.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Parallel Advisors LLC lifted its holdings in shares of iShares iBonds Dec 2028 Term Muni Bond ETF by 26.2% in the first quarter. Parallel Advisors LLC now owns 29,137 shares of the company’s stock valued at $744,000 after purchasing an additional 6,042 shares in the last quarter. Godshalk Welsh Capital Management Inc. raised its position in iShares iBonds Dec 2028 Term Muni Bond ETF by 33.1% during the first quarter. Godshalk Welsh Capital Management Inc. now owns 47,000 shares of the company’s stock valued at $1,200,000 after buying an additional 11,700 shares during the period. Evergreen Private Wealth LLC raised its position in iShares iBonds Dec 2028 Term Muni Bond ETF by 4.6% during the first quarter. Evergreen Private Wealth LLC now owns 51,435 shares of the company’s stock valued at $1,313,000 after buying an additional 2,252 shares during the period. O Domhnaill Enterprises Inc. purchased a new stake in iShares iBonds Dec 2028 Term Muni Bond ETF in the 1st quarter worth about $668,000. Finally, Spinnaker Trust lifted its stake in iShares iBonds Dec 2028 Term Muni Bond ETF by 14.3% in the 1st quarter. Spinnaker Trust now owns 74,860 shares of the company’s stock worth $1,911,000 after acquiring an additional 9,358 shares in the last quarter.

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.