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

iShares iBonds Dec 2028 Term Muni Bond ETF (BATS:IBMQGet Free Report)’s stock price were down 0.1% on Tuesday . The company traded as low as $25.46 and last traded at $25.47. Approximately 163,972 shares changed hands during mid-day 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 Price Performance

The company’s 50 day moving average is $25.52 and its 200-day moving average is $25.58.

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

Institutional investors and hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. bought a new stake in shares of iShares iBonds Dec 2028 Term Muni Bond ETF in the 2nd quarter worth approximately $2,082,000. Flow Traders U.S. LLC bought a new position in iShares iBonds Dec 2028 Term Muni Bond ETF during the 2nd quarter valued at approximately $246,000. NewEdge Advisors LLC raised its stake in iShares iBonds Dec 2028 Term Muni Bond ETF by 2.3% during the second quarter. NewEdge Advisors LLC now owns 434,996 shares of the company’s stock valued at $11,053,000 after buying an additional 9,644 shares during the last quarter. Ameriprise Financial Inc. raised its stake in iShares iBonds Dec 2028 Term Muni Bond ETF by 3.5% during the second quarter. Ameriprise Financial Inc. now owns 113,132 shares of the company’s stock valued at $2,875,000 after buying an additional 3,841 shares during the last quarter. Finally, Integrated Wealth Concepts LLC raised its stake in iShares iBonds Dec 2028 Term Muni Bond ETF by 4.8% during the third quarter. Integrated Wealth Concepts LLC now owns 120,555 shares of the company’s stock valued at $3,091,000 after buying an additional 5,527 shares during the last quarter.

About iShares iBonds Dec 2028 Term Muni Bond ETF

(Get Free Report)

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.

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