iShares iBonds Dec 2028 Term Muni Bond ETF (BATS:IBMQ) Shares Down 0.1% – Should You Sell?

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

iShares iBonds Dec 2028 Term Muni Bond ETF Stock Performance

The firm has a 50-day moving average price of $25.49 and a 200-day moving average price of $25.23.

iShares iBonds Dec 2028 Term Muni Bond ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, September 3rd were given a dividend of $0.049 per share. The ex-dividend date was Tuesday, September 3rd.

Institutional Investors Weigh In On iShares iBonds Dec 2028 Term Muni Bond ETF

Several large investors have recently made changes to their positions in IBMQ. Janney Montgomery Scott LLC increased its holdings in iShares iBonds Dec 2028 Term Muni Bond ETF by 53.6% in the 1st quarter. Janney Montgomery Scott LLC now owns 14,736 shares of the company’s stock worth $372,000 after acquiring an additional 5,144 shares during the last quarter. Lbmc Investment Advisors LLC increased its holdings in iShares iBonds Dec 2028 Term Muni Bond ETF by 46.2% in the 2nd quarter. Lbmc Investment Advisors LLC now owns 144,852 shares of the company’s stock worth $3,624,000 after acquiring an additional 45,745 shares during the last quarter. Archford Capital Strategies LLC increased its holdings in iShares iBonds Dec 2028 Term Muni Bond ETF by 11.9% in the 2nd quarter. Archford Capital Strategies LLC now owns 17,607 shares of the company’s stock worth $441,000 after acquiring an additional 1,879 shares during the last quarter. 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. Finally, Spinnaker Trust increased its holdings in iShares iBonds Dec 2028 Term Muni Bond ETF by 5.5% in the 2nd quarter. Spinnaker Trust now owns 18,200 shares of the company’s stock worth $455,000 after acquiring an additional 945 shares during the last quarter.

iShares iBonds Dec 2028 Term Muni Bond ETF Company Profile

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.