iShares iBonds Dec 2027 Term Muni Bond ETF (BATS:IBMP) Hits New 1-Year Low – Should You Sell?

iShares iBonds Dec 2027 Term Muni Bond ETF (BATS:IBMP) reached a new 52-week low on Tuesday. The stock traded as low as $25.20 and last traded at $25.21, with a volume of 96910 shares trading hands. The stock had previously closed at $25.22.

iShares iBonds Dec 2027 Term Muni Bond ETF Stock Up 0.1%

The stock has a 50 day simple moving average of $25.34 and a 200-day simple moving average of $25.37.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Eldridge Investment Advisors Inc. purchased a new stake in iShares iBonds Dec 2027 Term Muni Bond ETF during the fourth quarter valued at $328,000. Wedbush Securities Inc. bought a new stake in shares of iShares iBonds Dec 2027 Term Muni Bond ETF in the 2nd quarter worth about $350,000. PNC Financial Services Group Inc. increased its holdings in shares of iShares iBonds Dec 2027 Term Muni Bond ETF by 2.5% in the 1st 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. 10Elms LLP raised its position in shares of iShares iBonds Dec 2027 Term Muni Bond ETF by 3.2% during the 4th quarter. 10Elms LLP now owns 22,694 shares of the company’s stock valued at $576,000 after buying an additional 700 shares in the last quarter. Finally, Parallel Advisors LLC raised its position in shares of iShares iBonds Dec 2027 Term Muni Bond ETF by 2.5% during the 4th quarter. Parallel Advisors LLC now owns 30,241 shares of the company’s stock valued at $768,000 after buying an additional 745 shares in the last quarter.

About iShares iBonds Dec 2027 Term Muni Bond ETF

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.