iShares iBonds 2028 Term High Yield and Income ETF (BATS:IBHH) Shares Down 0.8% – Here’s Why

iShares iBonds 2028 Term High Yield and Income ETF (BATS:IBHH) fell 0.8% on Thursday . The stock traded as low as $23.80 and last traded at $23.63. 109,717 shares changed hands during mid-day trading, an increase of 79% from the average session volume of 61,372 shares. The stock had previously closed at $23.81.

iShares iBonds 2028 Term High Yield and Income ETF Stock Down 0.8%

The company has a 50 day moving average of $23.70 and a 200 day moving average of $23.71.

Hedge Funds Weigh In On iShares iBonds 2028 Term High Yield and Income ETF

A number of institutional investors have recently bought and sold shares of IBHH. Lbmc Investment Advisors LLC raised its position in shares of iShares iBonds 2028 Term High Yield and Income ETF by 29.1% during the 3rd quarter. Lbmc Investment Advisors LLC now owns 1,515,968 shares of the company’s stock valued at $36,171,000 after buying an additional 342,056 shares during the period. NewEdge Advisors LLC increased its stake in iShares iBonds 2028 Term High Yield and Income ETF by 46.3% during the third quarter. NewEdge Advisors LLC now owns 762,495 shares of the company’s stock worth $18,193,000 after acquiring an additional 241,224 shares during the last quarter. Integrated Wealth Concepts LLC raised its position in iShares iBonds 2028 Term High Yield and Income ETF by 3.8% in the third quarter. Integrated Wealth Concepts LLC now owns 48,107 shares of the company’s stock valued at $1,148,000 after purchasing an additional 1,739 shares during the period. Rebalance LLC purchased a new stake in iShares iBonds 2028 Term High Yield and Income ETF in the fourth quarter valued at $1,105,000. Finally, Heartland Bank & Trust Co lifted its stake in shares of iShares iBonds 2028 Term High Yield and Income ETF by 5.1% in the 4th quarter. Heartland Bank & Trust Co now owns 26,821 shares of the company’s stock valued at $635,000 after purchasing an additional 1,311 shares during the last quarter.

iShares iBonds 2028 Term High Yield and Income ETF Company Profile

The iShares iBonds 2028 Term High Yield and Income ETF (IBHH) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks a market-value-weighted index of USD-denominated, high yield and BBB-rated corporate bonds maturing in 2028. The fund will terminate in December 2028. IBHH was launched on Mar 8, 2022 and is managed by BlackRock.