iShares iBonds Dec 2028 Term Muni Bond ETF (BATS:IBMQ) Stock Price Up 0.3% – Time to Buy?

iShares iBonds Dec 2028 Term Muni Bond ETF (BATS:IBMQ) shot up 0.3% during mid-day trading on Thursday . The stock traded as high as $25.61 and last traded at $25.6550. 81,742 shares traded hands during mid-day trading, an increase of 10% from the average session volume of 74,423 shares. The stock had previously closed at $25.58.

iShares iBonds Dec 2028 Term Muni Bond ETF Stock Performance

The firm’s 50-day moving average price is $25.53 and its 200 day moving average price is $25.55.

Institutional Trading of iShares iBonds Dec 2028 Term Muni Bond ETF

Several institutional investors and hedge funds have recently made changes to their positions in IBMQ. JPMorgan Chase & Co. bought a new position in iShares iBonds Dec 2028 Term Muni Bond ETF during the second quarter worth about $2,082,000. Confluence Investment Management LLC increased its stake in shares of iShares iBonds Dec 2028 Term Muni Bond ETF by 200.3% in the 2nd quarter. Confluence Investment Management LLC now owns 98,908 shares of the company’s stock valued at $2,513,000 after acquiring an additional 65,971 shares during the last quarter. Atlantic Union Bankshares Corp acquired a new stake in shares of iShares iBonds Dec 2028 Term Muni Bond ETF in the 2nd quarter valued at approximately $1,606,000. Lbmc Investment Advisors LLC boosted its stake in iShares iBonds Dec 2028 Term Muni Bond ETF by 16.7% during the 3rd quarter. Lbmc Investment Advisors LLC now owns 438,507 shares of the company’s stock worth $11,243,000 after acquiring an additional 62,755 shares during the last quarter. Finally, Leavell Investment Management Inc. grew its holdings in iShares iBonds Dec 2028 Term Muni Bond ETF by 98.0% during the third quarter. Leavell Investment Management Inc. now owns 99,849 shares of the company’s stock valued at $2,560,000 after purchasing an additional 49,410 shares during the period.

iShares iBonds Dec 2028 Term Muni Bond ETF Company Profile

The iShares iBonds Dec 2028 Term Muni Bond ETF (IBMQ) 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 2028. IBMQ was launched on Apr 16, 2019 and is managed by BlackRock.