iShares iBonds 2027 Term High Yield and Income ETF (BATS:IBHG) Shares Down 0.1% – Here’s Why

iShares iBonds 2027 Term High Yield and Income ETF (BATS:IBHG)’s stock price dropped 0.1% on Wednesday . The company traded as low as $21.94 and last traded at $21.97. 210,063 shares were traded during trading, an increase of 35% from the average session volume of 155,506 shares. The stock had previously closed at $21.99.

iShares iBonds 2027 Term High Yield and Income ETF Stock Down 0.1%

The stock’s fifty day moving average price is $22.06 and its 200-day moving average price is $22.15.

Institutional Investors Weigh In On iShares iBonds 2027 Term High Yield and Income ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in IBHG. Ascentis Independent Advisors bought a new position in shares of iShares iBonds 2027 Term High Yield and Income ETF in the 1st quarter valued at about $61,000. Arkadios Wealth Advisors bought a new stake in iShares iBonds 2027 Term High Yield and Income ETF during the first quarter worth about $205,000. High Note Wealth LLC boosted its position in iShares iBonds 2027 Term High Yield and Income ETF by 201.7% during the fourth quarter. High Note Wealth LLC now owns 10,713 shares of the company’s stock valued at $239,000 after purchasing an additional 7,162 shares during the last quarter. GAMMA Investing LLC boosted its position in iShares iBonds 2027 Term High Yield and Income ETF by 148.3% during the second quarter. GAMMA Investing LLC now owns 13,715 shares of the company’s stock valued at $303,000 after purchasing an additional 8,192 shares during the last quarter. Finally, Captrust Financial Advisors boosted its position in iShares iBonds 2027 Term High Yield and Income ETF by 34.2% during the fourth quarter. Captrust Financial Advisors now owns 16,470 shares of the company’s stock valued at $368,000 after purchasing an additional 4,200 shares during the last quarter.

About iShares iBonds 2027 Term High Yield and Income ETF

The iShares iBonds 2027 Term High Yield and Income ETF (IBHG) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund tracks a market-value-weighted index of USD-denominated, high yield and BBB-rated corporate bonds maturing in 2027. The fund will terminate in December 2027. IBHG was launched on Jul 7, 2021 and is managed by BlackRock.