iShares iBonds Dec 2028 Term Muni Bond ETF (BATS:IBMQ) Trading Down 0.1% – What’s Next?

iShares iBonds Dec 2028 Term Muni Bond ETF (BATS:IBMQ) were down 0.1% on Tuesday . The stock traded as low as $25.29 and last traded at $25.30. Approximately 24,902 shares changed hands during mid-day trading, The stock had previously closed at $25.33.

iShares iBonds Dec 2028 Term Muni Bond ETF Stock Performance

The business has a 50 day simple moving average of $25.49 and a 200-day simple moving average of $25.23.

iShares iBonds Dec 2028 Term Muni Bond ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, September 3rd were given a $0.049 dividend. The ex-dividend date was Tuesday, September 3rd.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Lbmc Investment Advisors LLC raised its stake in shares of iShares iBonds Dec 2028 Term Muni Bond ETF by 49.2% in the third quarter. Lbmc Investment Advisors LLC now owns 216,165 shares of the company’s stock valued at $5,540,000 after buying an additional 71,313 shares during the period. Exchange Capital Management Inc. purchased a new stake in iShares iBonds Dec 2028 Term Muni Bond ETF in the 2nd quarter worth about $328,000. STAR Financial Bank bought a new stake in iShares iBonds Dec 2028 Term Muni Bond ETF in the 2nd quarter valued at about $249,000. Heartwood Wealth Advisors LLC lifted its holdings in iShares iBonds Dec 2028 Term Muni Bond ETF by 3.9% during the third quarter. Heartwood Wealth Advisors LLC now owns 233,253 shares of the company’s stock valued at $5,978,000 after purchasing an additional 8,742 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its position in iShares iBonds Dec 2028 Term Muni Bond ETF by 53.6% during the first quarter. Janney Montgomery Scott LLC now owns 14,736 shares of the company’s stock worth $372,000 after purchasing an additional 5,144 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.