iShares iBonds Dec 2028 Term Muni Bond ETF (BATS:IBMQ) Trading 0.4% Higher – What’s Next?

iShares iBonds Dec 2028 Term Muni Bond ETF (BATS:IBMQ) traded up 0.4% on Monday . The stock traded as high as $25.31 and last traded at $25.31. 107,294 shares changed hands during mid-day trading, The stock had previously closed at $25.21.

iShares iBonds Dec 2028 Term Muni Bond ETF Price Performance

The stock has a 50 day moving average price of $25.30 and a 200-day moving average price of $25.33.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. STAR Financial Bank bought a new stake in iShares iBonds Dec 2028 Term Muni Bond ETF during the second quarter worth approximately $249,000. Lbmc Investment Advisors LLC increased its position in shares of iShares iBonds Dec 2028 Term Muni Bond ETF by 49.2% during the 3rd quarter. Lbmc Investment Advisors LLC now owns 216,165 shares of the company’s stock valued at $5,540,000 after purchasing an additional 71,313 shares during the period. Leavell Investment Management Inc. raised its stake in shares of iShares iBonds Dec 2028 Term Muni Bond ETF by 148.0% in the 3rd quarter. Leavell Investment Management Inc. now owns 20,656 shares of the company’s stock worth $529,000 after buying an additional 12,326 shares in the last quarter. Confluence Investment Management LLC lifted its holdings in shares of iShares iBonds Dec 2028 Term Muni Bond ETF by 204.3% in the third quarter. Confluence Investment Management LLC now owns 33,636 shares of the company’s stock valued at $862,000 after buying an additional 22,581 shares during the period. Finally, Spinnaker Trust lifted its holdings in shares of iShares iBonds Dec 2028 Term Muni Bond ETF by 5.2% in the third quarter. Spinnaker Trust now owns 19,150 shares of the company’s stock valued at $491,000 after buying an additional 950 shares during the period.

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.