iShares iBonds Dec 2027 Term Muni Bond ETF (BATS:IBMP) Shares Sold by Confluence Investment Management LLC

Confluence Investment Management LLC lowered its stake in shares of iShares iBonds Dec 2027 Term Muni Bond ETF (BATS:IBMP) by 1.1% in the fourth quarter, Holdings Channel reports. The firm owned 40,821 shares of the company’s stock after selling 435 shares during the period. Confluence Investment Management LLC’s holdings in iShares iBonds Dec 2027 Term Muni Bond ETF were worth $1,026,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of IBMP. Praetorian Wealth Management Inc. lifted its holdings in iShares iBonds Dec 2027 Term Muni Bond ETF by 0.5% in the 3rd quarter. Praetorian Wealth Management Inc. now owns 247,941 shares of the company’s stock valued at $6,310,000 after purchasing an additional 1,286 shares in the last quarter. Parallel Advisors LLC lifted its stake in shares of iShares iBonds Dec 2027 Term Muni Bond ETF by 22.5% in the second quarter. Parallel Advisors LLC now owns 17,447 shares of the company’s stock worth $436,000 after buying an additional 3,210 shares in the last quarter. True Link Financial Advisors LLC acquired a new position in iShares iBonds Dec 2027 Term Muni Bond ETF during the third quarter worth about $219,000. Integrated Wealth Concepts LLC grew its stake in iShares iBonds Dec 2027 Term Muni Bond ETF by 30.7% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 111,753 shares of the company’s stock valued at $2,844,000 after acquiring an additional 26,270 shares in the last quarter. Finally, Spinnaker Trust raised its holdings in iShares iBonds Dec 2027 Term Muni Bond ETF by 6.8% in the 3rd quarter. Spinnaker Trust now owns 30,105 shares of the company’s stock valued at $766,000 after acquiring an additional 1,905 shares during the last quarter.

iShares iBonds Dec 2027 Term Muni Bond ETF Stock Performance

IBMP opened at $25.18 on Friday. The business has a fifty day simple moving average of $25.25 and a 200 day simple moving average of $25.26.

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.