iShares iBonds Dec 2027 Term Muni Bond ETF (BATS:IBMP) Sets New 1-Year Low – Time to Sell?
by Sarita Garza · The Markets DailyiShares iBonds Dec 2027 Term Muni Bond ETF (BATS:IBMP – Get Free Report) hit a new 52-week low on Tuesday . The company traded as low as $25.27 and last traded at $25.29, with a volume of 103983 shares changing hands. The stock had previously closed at $25.32.
iShares iBonds Dec 2027 Term Muni Bond ETF Price Performance
The business has a 50-day moving average price of $25.37 and a 200 day moving average price of $25.39.
Institutional Investors Weigh In On iShares iBonds Dec 2027 Term Muni Bond ETF
A number of institutional investors have recently modified their holdings of the stock. Wedbush Securities Inc. purchased a new position in shares of iShares iBonds Dec 2027 Term Muni Bond ETF in the 2nd quarter worth about $350,000. Parallel Advisors LLC grew its position in iShares iBonds Dec 2027 Term Muni Bond ETF by 2.1% during the 1st quarter. Parallel Advisors LLC now owns 30,885 shares of the company’s stock valued at $786,000 after purchasing an additional 644 shares during the last quarter. Godshalk Welsh Capital Management Inc. increased its stake in iShares iBonds Dec 2027 Term Muni Bond ETF by 17.1% during the 1st quarter. Godshalk Welsh Capital Management Inc. now owns 42,500 shares of the company’s stock valued at $1,081,000 after purchasing an additional 6,200 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in iShares iBonds Dec 2027 Term Muni Bond ETF by 2.5% in the first quarter. PNC Financial Services Group Inc. now owns 20,226 shares of the company’s stock worth $515,000 after buying an additional 497 shares during the last quarter. Finally, Evergreen Private Wealth LLC raised its holdings in iShares iBonds Dec 2027 Term Muni Bond ETF by 6.9% in the first quarter. Evergreen Private Wealth LLC now owns 53,044 shares of the company’s stock worth $1,349,000 after buying an additional 3,435 shares during the last quarter.
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.