iShares iBonds Dec 2028 Term Muni Bond ETF (BATS:IBMQ) Trading Down 0.3% – Here’s What Happened

Shares of iShares iBonds Dec 2028 Term Muni Bond ETF (BATS:IBMQ) were down 0.3% during mid-day trading on Tuesday . The stock traded as low as $25.44 and last traded at $25.44. Approximately 43,066 shares were traded during mid-day trading, a decline of 59% from the average daily volume of 105,908 shares. The stock had previously closed at $25.52.

iShares iBonds Dec 2028 Term Muni Bond ETF Stock Down 0.1%

The stock has a fifty day simple moving average of $25.67 and a 200 day simple moving average of $25.61.

Institutional Investors Weigh In On iShares iBonds Dec 2028 Term Muni Bond ETF

Several large investors have recently bought and sold shares of IBMQ. PNC Financial Services Group Inc. lifted 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 valued at $39,000 after acquiring an additional 1,253 shares during the period. Princeton Global Asset Management LLC purchased a new stake in shares of iShares iBonds Dec 2028 Term Muni Bond ETF during the 4th quarter valued at about $120,000. CNB Bank bought a new stake in shares of iShares iBonds Dec 2028 Term Muni Bond ETF in the third quarter worth approximately $196,000. HORAN Wealth LLC bought a new stake in shares of iShares iBonds Dec 2028 Term Muni Bond ETF in the fourth quarter worth approximately $217,000. Finally, Cary Street Partners Financial LLC raised its holdings in shares of iShares iBonds Dec 2028 Term Muni Bond ETF by 14.2% during the third quarter. Cary Street Partners Financial LLC now owns 9,086 shares of the company’s stock valued at $233,000 after purchasing an additional 1,130 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.