iShares iBonds Dec 2028 Term Muni Bond ETF (BATS:IBMQ) Trading Down 0.1% – Time to Sell?

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

iShares iBonds Dec 2028 Term Muni Bond ETF Trading Down 0.1 %

The firm has a 50-day moving average of $25.49 and a two-hundred day moving average of $25.23.

iShares iBonds Dec 2028 Term Muni Bond ETF Cuts Dividend

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

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

Several hedge funds have recently modified their holdings of the company. STAR Financial Bank acquired a new position in iShares iBonds Dec 2028 Term Muni Bond ETF in the 2nd quarter valued at approximately $249,000. Parallel Advisors LLC lifted its holdings in iShares iBonds Dec 2028 Term Muni Bond ETF by 32.9% during the 2nd quarter. Parallel Advisors LLC now owns 12,912 shares of the company’s stock worth $323,000 after buying an additional 3,196 shares during the period. Exchange Capital Management Inc. bought a new stake in shares of iShares iBonds Dec 2028 Term Muni Bond ETF in the 2nd quarter valued at about $328,000. Janney Montgomery Scott LLC increased its stake in shares of iShares iBonds Dec 2028 Term Muni Bond ETF by 53.6% in the first quarter. Janney Montgomery Scott LLC now owns 14,736 shares of the company’s stock valued at $372,000 after buying an additional 5,144 shares during the period. Finally, Archford Capital Strategies LLC increased its stake in shares of iShares iBonds Dec 2028 Term Muni Bond ETF by 11.9% in the second quarter. Archford Capital Strategies LLC now owns 17,607 shares of the company’s stock valued at $441,000 after buying an additional 1,879 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.