iShares iBonds Dec 2028 Term Muni Bond ETF (BATS:IBMQ) Stock Price Up 0.1% – Here’s Why

iShares iBonds Dec 2028 Term Muni Bond ETF (BATS:IBMQ) shares shot up 0.1% during trading on Thursday . The company traded as high as $25.55 and last traded at $25.53. 64,512 shares changed hands during mid-day trading, a decline of 35% from the average session volume of 99,634 shares. The stock had previously closed at $25.51.

iShares iBonds Dec 2028 Term Muni Bond ETF Stock Performance

The firm has a 50-day moving average price of $25.58 and a two-hundred day moving average price of $25.59.

Institutional Trading of iShares iBonds Dec 2028 Term Muni Bond ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IBMQ. Heartwood Wealth Advisors LLC lifted its position in shares of iShares iBonds Dec 2028 Term Muni Bond ETF by 0.3% during the 4th quarter. Heartwood Wealth Advisors LLC now owns 259,759 shares of the company’s stock worth $6,643,000 after buying an additional 853 shares during the last quarter. Cary Street Partners Financial LLC grew its position in shares of iShares iBonds Dec 2028 Term Muni Bond ETF by 14.2% in the 3rd quarter. Cary Street Partners Financial LLC now owns 9,086 shares of the company’s stock valued at $233,000 after buying an additional 1,130 shares during the last quarter. 10Elms LLP raised its stake in iShares iBonds Dec 2028 Term Muni Bond ETF by 6.3% during the 3rd quarter. 10Elms LLP now owns 20,360 shares of the company’s stock worth $522,000 after acquiring an additional 1,200 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in iShares iBonds Dec 2028 Term Muni Bond ETF by 485.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,511 shares of the company’s stock worth $39,000 after acquiring an additional 1,253 shares in the last quarter. Finally, Blue Square Asset Management LLC lifted its position in iShares iBonds Dec 2028 Term Muni Bond ETF by 6.7% in the fourth quarter. Blue Square Asset Management LLC now owns 30,277 shares of the company’s stock valued at $774,000 after acquiring an additional 1,891 shares during the last quarter.

About iShares iBonds Dec 2028 Term Muni Bond ETF

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.