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)’s share price traded up 0.1% during mid-day trading on Thursday . The company traded as high as $25.55 and last traded at $25.53. 64,512 shares were traded during 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 Price Performance

The company’s 50-day simple moving average is $25.58 and its 200 day simple moving average is $25.59.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. purchased a new stake in iShares iBonds Dec 2028 Term Muni Bond ETF during the 2nd quarter worth about $2,082,000. Flow Traders U.S. LLC purchased a new position in shares of iShares iBonds Dec 2028 Term Muni Bond ETF in the 2nd quarter valued at about $246,000. NewEdge Advisors LLC boosted its stake in shares of iShares iBonds Dec 2028 Term Muni Bond ETF by 2.3% in the 2nd quarter. NewEdge Advisors LLC now owns 434,996 shares of the company’s stock valued at $11,053,000 after buying an additional 9,644 shares during the period. Ameriprise Financial Inc. grew its position in shares of iShares iBonds Dec 2028 Term Muni Bond ETF by 3.5% during the second quarter. Ameriprise Financial Inc. now owns 113,132 shares of the company’s stock worth $2,875,000 after buying an additional 3,841 shares in the last quarter. Finally, Crews Bank & Trust grew its position in shares of iShares iBonds Dec 2028 Term Muni Bond ETF by 20.0% during the third quarter. Crews Bank & Trust now owns 37,782 shares of the company’s stock worth $969,000 after buying an additional 6,300 shares in the last quarter.

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.