iShares iBonds 2028 Term High Yield and Income ETF (BATS:IBHH) Shares Down 0.6% – What’s Next?

iShares iBonds 2028 Term High Yield and Income ETF (BATS:IBHH) shares were down 0.6% during mid-day trading on Tuesday . The company traded as low as $22.36 and last traded at $22.88. Approximately 61,515 shares were traded during mid-day trading, an increase of 16% from the average daily volume of 53,124 shares. The stock had previously closed at $23.01.

iShares iBonds 2028 Term High Yield and Income ETF Stock Performance

The company’s 50-day moving average is $23.35 and its 200-day moving average is $23.48.

iShares iBonds 2028 Term High Yield and Income ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were issued a $0.1311 dividend. The ex-dividend date of this dividend was Monday, March 3rd.

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

A number of hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. acquired a new position in shares of iShares iBonds 2028 Term High Yield and Income ETF in the 4th quarter worth approximately $78,000. Integrated Wealth Concepts LLC raised its holdings in shares of iShares iBonds 2028 Term High Yield and Income ETF by 12.9% in the 4th quarter. Integrated Wealth Concepts LLC now owns 45,527 shares of the company’s stock valued at $1,064,000 after buying an additional 5,215 shares during the period. GAMMA Investing LLC raised its holdings in shares of iShares iBonds 2028 Term High Yield and Income ETF by 22.4% in the 1st quarter. GAMMA Investing LLC now owns 200,146 shares of the company’s stock valued at $4,675,000 after buying an additional 36,683 shares during the period. Finally, Lbmc Investment Advisors LLC lifted its stake in iShares iBonds 2028 Term High Yield and Income ETF by 70.7% during the 4th quarter. Lbmc Investment Advisors LLC now owns 428,185 shares of the company’s stock worth $10,006,000 after acquiring an additional 177,383 shares in the last quarter.

About iShares iBonds 2028 Term High Yield and Income ETF

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.