iShares iBonds Dec 2027 Term Muni Bond ETF (BATS:IBMP) Trading Down 0% – Should You Sell?

iShares iBonds Dec 2027 Term Muni Bond ETF (BATS:IBMP) were down 0% during trading on Tuesday . The company traded as low as $25.50 and last traded at $25.50. Approximately 60,840 shares were traded during mid-day trading, a decline of 38% from the average daily volume of 97,821 shares. The stock had previously closed at $25.51.

iShares iBonds Dec 2027 Term Muni Bond ETF Stock Performance

The company’s 50-day moving average is $25.44 and its two-hundred day moving average is $25.43.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in IBMP. Hughes Financial Services LLC boosted its holdings 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 valued at $192,000 after purchasing an additional 409 shares in the last quarter. CNB Bank bought a new position in iShares iBonds Dec 2027 Term Muni Bond ETF in the third quarter valued at about $193,000. Princeton Global Asset Management LLC raised its stake in iShares iBonds Dec 2027 Term Muni Bond ETF by 113.9% during the fourth quarter. Princeton Global Asset Management LLC now owns 8,450 shares of the company’s stock worth $215,000 after acquiring an additional 4,500 shares in the last quarter. HORAN Wealth LLC bought a new position in shares of iShares iBonds Dec 2027 Term Muni Bond ETF in the third quarter worth about $218,000. Finally, Strategic Blueprint LLC acquired a new stake in shares of iShares iBonds Dec 2027 Term Muni Bond ETF in the 2nd quarter valued at approximately $219,000.

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.