iShares iBonds Dec 2027 Term Muni Bond ETF (BATS:IBMP) Shares Down 0.2% – What’s Next?

iShares iBonds Dec 2027 Term Muni Bond ETF (BATS:IBMP) shares dropped 0.2% on Monday. The stock traded as low as $25.26 and last traded at $25.28. 252,678 shares traded hands during mid-day trading, an increase of 171% from the average daily volume of 93,290 shares. The stock had previously closed at $25.34.

iShares iBonds Dec 2027 Term Muni Bond ETF Price Performance

The stock’s 50 day simple moving average is $25.28 and its two-hundred day simple moving average is $25.38.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of IBMP. Hughes Financial Services LLC lifted its holdings in shares of iShares iBonds Dec 2027 Term Muni Bond ETF by 33.1% during the 3rd quarter. Hughes Financial Services LLC now owns 11,008 shares of the company’s stock valued at $279,000 after purchasing an additional 2,738 shares in the last quarter. Wedbush Securities Inc. bought a new position in shares of iShares iBonds Dec 2027 Term Muni Bond ETF during the second quarter worth about $350,000. PNC Financial Services Group Inc. grew its holdings in shares of iShares iBonds Dec 2027 Term Muni Bond ETF by 2.5% during the first quarter. PNC Financial Services Group Inc. now owns 20,226 shares of the company’s stock worth $515,000 after buying an additional 497 shares in the last quarter. Parallel Advisors LLC raised its position 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 during the last quarter. Finally, Godshalk Welsh Capital Management Inc. lifted its stake in iShares iBonds Dec 2027 Term Muni Bond ETF by 17.1% in the 1st quarter. Godshalk Welsh Capital Management Inc. now owns 42,500 shares of the company’s stock valued at $1,081,000 after acquiring an additional 6,200 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.