iShares iBonds Dec 2027 Term Muni Bond ETF (BATS:IBMP) Hits New 1-Year Low – Here’s What Happened

iShares iBonds Dec 2027 Term Muni Bond ETF (BATS:IBMPGet Free Report) shares reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $25.27 and last traded at $25.2790, with a volume of 2903 shares trading hands. The stock had previously closed at $25.28.

iShares iBonds Dec 2027 Term Muni Bond ETF Trading Down 0.1%

The company’s 50-day moving average is $25.36 and its 200 day moving average is $25.38.

Hedge Funds Weigh In On iShares iBonds Dec 2027 Term Muni Bond ETF

Several institutional investors and hedge funds have recently modified their holdings of the business. Eldridge Investment Advisors Inc. purchased a new position in iShares iBonds Dec 2027 Term Muni Bond ETF during the fourth quarter worth approximately $328,000. Wedbush Securities Inc. purchased a new position in shares of iShares iBonds Dec 2027 Term Muni Bond ETF during the 2nd quarter valued at approximately $350,000. PNC Financial Services Group Inc. grew its stake in iShares iBonds Dec 2027 Term Muni Bond ETF by 100.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 19,729 shares of the company’s stock valued at $501,000 after acquiring an additional 9,880 shares during the period. 10Elms LLP increased its holdings in iShares iBonds Dec 2027 Term Muni Bond ETF by 3.2% in the 4th quarter. 10Elms LLP now owns 22,694 shares of the company’s stock worth $576,000 after acquiring an additional 700 shares in the last quarter. Finally, Parallel Advisors LLC raised its position in iShares iBonds Dec 2027 Term Muni Bond ETF by 2.5% during the fourth quarter. Parallel Advisors LLC now owns 30,241 shares of the company’s stock worth $768,000 after acquiring an additional 745 shares during the period.

About iShares iBonds Dec 2027 Term Muni Bond ETF

(Get Free Report)

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.

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