iShares iBonds Dec 2027 Term Muni Bond ETF (BATS:IBMP) Hits New 1-Year Low – Here’s What Happened

iShares iBonds Dec 2027 Term Muni Bond ETF (BATS:IBMPGet Free Report) hit a new 52-week low during trading on Wednesday . The company traded as low as $25.27 and last traded at $25.2790, with a volume of 2903 shares changing hands. The stock had previously closed at $25.28.

iShares iBonds Dec 2027 Term Muni Bond ETF Stock Performance

The business’s 50-day simple moving average is $25.36 and its 200-day simple moving average is $25.38.

Institutional Investors Weigh In On iShares iBonds Dec 2027 Term Muni Bond ETF

Several hedge funds have recently added to or reduced their stakes in the business. Matthew Goff Investment Advisor LLC acquired a new position in shares of iShares iBonds Dec 2027 Term Muni Bond ETF in the 1st quarter valued at about $7,534,000. O Domhnaill Enterprises Inc. purchased a new position in iShares iBonds Dec 2027 Term Muni Bond ETF during the first quarter valued at approximately $1,126,000. PSI Advisors LLC acquired a new position in iShares iBonds Dec 2027 Term Muni Bond ETF in the fourth quarter valued at approximately $3,348,000. Spinnaker Trust lifted its holdings in iShares iBonds Dec 2027 Term Muni Bond ETF by 9.8% in the first quarter. Spinnaker Trust now owns 74,784 shares of the company’s stock valued at $1,903,000 after acquiring an additional 6,679 shares during the period. Finally, Godshalk Welsh Capital Management Inc. boosted its position 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 worth $1,081,000 after purchasing an additional 6,200 shares in the last quarter.

iShares iBonds Dec 2027 Term Muni Bond ETF Company Profile

(Get Free Report)

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.

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