Spinnaker Trust Invests $234,000 in iShares iBonds Dec 2027 Term Muni Bond ETF (BATS:IBMP)

Spinnaker Trust bought a new stake in iShares iBonds Dec 2027 Term Muni Bond ETF (BATS:IBMP) in the fourth quarter, HoldingsChannel.com reports. The fund bought 9,223 shares of the company’s stock, valued at approximately $234,000.

A number of other large investors have also recently made changes to their positions in IBMP. Private Trust Co. NA lifted its holdings in shares of iShares iBonds Dec 2027 Term Muni Bond ETF by 8.5% in the 3rd quarter. Private Trust Co. NA now owns 8,507 shares of the company’s stock worth $208,000 after acquiring an additional 665 shares during the last quarter. Hills Bank & Trust Co purchased a new stake in shares of iShares iBonds Dec 2027 Term Muni Bond ETF in the 3rd quarter worth approximately $3,953,000. Sandy Spring Bank boosted its position in iShares iBonds Dec 2027 Term Muni Bond ETF by 7.0% during the 3rd quarter. Sandy Spring Bank now owns 37,855 shares of the company’s stock valued at $927,000 after acquiring an additional 2,465 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in iShares iBonds Dec 2027 Term Muni Bond ETF by 48.2% in the third quarter. Janney Montgomery Scott LLC now owns 12,504 shares of the company’s stock valued at $306,000 after purchasing an additional 4,064 shares during the last quarter. Finally, Prime Capital Investment Advisors LLC bought a new position in shares of iShares iBonds Dec 2027 Term Muni Bond ETF during the 3rd quarter worth approximately $335,000.

iShares iBonds Dec 2027 Term Muni Bond ETF Stock Performance

BATS IBMP remained flat at $24.95 during trading on Friday. The company’s stock had a trading volume of 18,470 shares. The business has a fifty day moving average price of $25.15 and a two-hundred day moving average price of $25.08.

iShares iBonds Dec 2027 Term Muni Bond ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, April 5th. Investors of record on Tuesday, April 2nd were issued a dividend of $0.0474 per share. The ex-dividend date was Monday, April 1st. This is a boost from iShares iBonds Dec 2027 Term Muni Bond ETF’s previous dividend of $0.04.

iShares iBonds Dec 2027 Term Muni Bond ETF Company Profile

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.