iShares iBonds Dec 2027 Term Muni Bond ETF (BATS:IBMP) Stock Price Down 0.3% – Should You Sell?

iShares iBonds Dec 2027 Term Muni Bond ETF (BATS:IBMP)’s stock price traded down 0.3% on Friday . The company traded as low as $25.14 and last traded at $25.02. 109,940 shares were traded during mid-day trading, an increase of 50% from the average session volume of 73,229 shares. The stock had previously closed at $25.10.

iShares iBonds Dec 2027 Term Muni Bond ETF Stock Down 0.3 %

The stock has a fifty day moving average of $25.23 and a 200-day moving average of $25.25.

iShares iBonds Dec 2027 Term Muni Bond ETF Increases Dividend

The business also recently announced a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were paid a $0.0547 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This is an increase from iShares iBonds Dec 2027 Term Muni Bond ETF’s previous dividend of $0.05.

Institutional Trading of iShares iBonds Dec 2027 Term Muni Bond ETF

Several hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. bought a new position in iShares iBonds Dec 2027 Term Muni Bond ETF in the 3rd quarter worth approximately $961,000. Parallel Advisors LLC raised its position in shares of iShares iBonds Dec 2027 Term Muni Bond ETF by 48.6% during the fourth quarter. Parallel Advisors LLC now owns 29,102 shares of the company’s stock worth $732,000 after acquiring an additional 9,521 shares during the last quarter. Horan Securities Inc. raised its position in shares of iShares iBonds Dec 2027 Term Muni Bond ETF by 6.9% during the fourth quarter. Horan Securities Inc. now owns 8,544 shares of the company’s stock worth $215,000 after acquiring an additional 549 shares during the last quarter. Sandy Spring Bank lifted its stake in shares of iShares iBonds Dec 2027 Term Muni Bond ETF by 4.3% during the fourth quarter. Sandy Spring Bank now owns 44,485 shares of the company’s stock valued at $1,118,000 after acquiring an additional 1,853 shares during the period. Finally, Heartwood Wealth Advisors LLC boosted its holdings in iShares iBonds Dec 2027 Term Muni Bond ETF by 0.8% in the fourth quarter. Heartwood Wealth Advisors LLC now owns 709,060 shares of the company’s stock valued at $17,826,000 after acquiring an additional 5,344 shares during 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.