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

by · The Markets Daily

iShares iBonds Dec 2028 Term Muni Bond ETF (BATS:IBMQ – Get Free Report)’s share price rose 0.3% on Thursday . The company traded as high as $25.61 and last traded at $25.6550. Approximately 81,742 shares traded hands during mid-day trading, an increase of 10% from the average daily volume of 74,423 shares. The stock had previously closed at $25.58.

iShares iBonds Dec 2028 Term Muni Bond ETF Trading Up 0.3%

The company has a 50-day moving average price of $25.53 and a 200-day moving average price of $25.55.

Hedge Funds Weigh In On iShares iBonds Dec 2028 Term Muni Bond ETF

Hedge funds have recently added to or reduced their stakes in the stock. Atlantic Union Bankshares Corp acquired a new stake in iShares iBonds Dec 2028 Term Muni Bond ETF during the 2nd quarter worth $1,606,000. Lbmc Investment Advisors LLC boosted its stake in iShares iBonds Dec 2028 Term Muni Bond ETF by 16.7% in the third quarter. Lbmc Investment Advisors LLC now owns 438,507 shares of the company’s stock valued at $11,243,000 after acquiring an additional 62,755 shares in the last quarter. Confluence Investment Management LLC grew its holdings in shares of iShares iBonds Dec 2028 Term Muni Bond ETF by 200.3% during the second quarter. Confluence Investment Management LLC now owns 98,908 shares of the company’s stock worth $2,513,000 after purchasing an additional 65,971 shares during the last quarter. Parallel Advisors LLC grew its holdings in shares of iShares iBonds Dec 2028 Term Muni Bond ETF by 7.7% during the second quarter. Parallel Advisors LLC now owns 16,279 shares of the company’s stock worth $414,000 after purchasing an additional 1,160 shares during the last quarter. Finally, Praetorian Wealth Management Inc. increased its position in shares of iShares iBonds Dec 2028 Term Muni Bond ETF by 1.3% during the second quarter. Praetorian Wealth Management Inc. now owns 242,261 shares of the company’s stock worth $6,156,000 after purchasing an additional 3,119 shares in the last quarter.

About iShares iBonds Dec 2028 Term Muni Bond ETF

(Get Free Report)

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.

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