iShares iBonds Dec 2027 Term Muni Bond ETF (BATS:IBMP) Shares Up 0.4% – What’s Next?

iShares iBonds Dec 2027 Term Muni Bond ETF (BATS:IBMP)’s share price shot up 0.4% during mid-day trading on Thursday . The company traded as high as $25.42 and last traded at $25.4650. 102,650 shares were traded during trading, an increase of 29% from the average session volume of 79,436 shares. The stock had previously closed at $25.36.

iShares iBonds Dec 2027 Term Muni Bond ETF Stock Up 0.4%

The firm’s 50-day simple moving average is $25.39 and its 200 day simple moving average is $25.41.

Institutional Trading of iShares iBonds Dec 2027 Term Muni Bond ETF

Hedge funds have recently added to or reduced their stakes in the business. Lbmc Investment Advisors LLC boosted its position in iShares iBonds Dec 2027 Term Muni Bond ETF by 14.0% during the 2nd quarter. Lbmc Investment Advisors LLC now owns 424,215 shares of the company’s stock worth $10,754,000 after acquiring an additional 52,074 shares during the period. Atlantic Union Bankshares Corp bought a new stake in shares of iShares iBonds Dec 2027 Term Muni Bond ETF during the second quarter valued at about $1,293,000. NewEdge Advisors LLC lifted its holdings in iShares iBonds Dec 2027 Term Muni Bond ETF by 9.5% in the third quarter. NewEdge Advisors LLC now owns 454,126 shares of the company’s stock worth $11,569,000 after purchasing an additional 39,355 shares during the period. Curbstone Financial Management Corp bought a new position in iShares iBonds Dec 2027 Term Muni Bond ETF in the 3rd quarter valued at about $552,000. Finally, Praetorian Wealth Management Inc. grew its position in iShares iBonds Dec 2027 Term Muni Bond ETF by 8.5% in the 4th quarter. Praetorian Wealth Management Inc. now owns 260,139 shares of the company’s stock valued at $6,605,000 after buying an additional 20,293 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.