iShares iBonds Dec 2027 Term Muni Bond ETF (BATS:IBMP) Trading Up 0.4% – Time to Buy?

Shares of iShares iBonds Dec 2027 Term Muni Bond ETF (BATS:IBMP) shot up 0.4% on Thursday . The stock traded as high as $25.42 and last traded at $25.4650. 102,650 shares changed hands during trading, an increase of 29% from the average session volume of 79,436 shares. The stock had previously closed at $25.36.

iShares iBonds Dec 2027 Term Muni Bond ETF Price Performance

The business’s 50 day moving average price is $25.39 and its 200-day moving average price is $25.41.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of IBMP. Hughes Financial Services LLC grew its position in shares of iShares iBonds Dec 2027 Term Muni Bond ETF by 5.7% in the 2nd quarter. Hughes Financial Services LLC now owns 7,550 shares of the company’s stock worth $192,000 after acquiring an additional 409 shares in the last quarter. CNB Bank bought a new position in iShares iBonds Dec 2027 Term Muni Bond ETF during the third quarter worth $193,000. HORAN Wealth LLC acquired a new position in iShares iBonds Dec 2027 Term Muni Bond ETF in the third quarter worth $218,000. Strategic Blueprint LLC acquired a new position in iShares iBonds Dec 2027 Term Muni Bond ETF in the second quarter worth $219,000. Finally, PNC Financial Services Group Inc. bought a new stake in iShares iBonds Dec 2027 Term Muni Bond ETF during the second quarter valued at $250,000.

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.