iShares iBonds 2028 Term High Yield and Income ETF (BATS:IBHH) Trading Up 0% – Here’s Why

iShares iBonds 2028 Term High Yield and Income ETF (BATS:IBHH)’s stock price shot up 0% during mid-day trading on Friday . The company traded as high as $23.71 and last traded at $23.69. 78,183 shares were traded during mid-day trading, a decline of 45% from the average session volume of 142,300 shares. The stock had previously closed at $23.68.

iShares iBonds 2028 Term High Yield and Income ETF Trading Up 0.0%

The stock’s 50-day simple moving average is $23.71 and its two-hundred day simple moving average is $23.72.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Lbmc Investment Advisors LLC increased its position in iShares iBonds 2028 Term High Yield and Income ETF by 29.1% during the third quarter. Lbmc Investment Advisors LLC now owns 1,515,968 shares of the company’s stock worth $36,171,000 after acquiring an additional 342,056 shares during the period. NewEdge Advisors LLC lifted its stake in shares of iShares iBonds 2028 Term High Yield and Income ETF by 4.4% in the fourth quarter. NewEdge Advisors LLC now owns 796,380 shares of the company’s stock valued at $18,854,000 after buying an additional 33,885 shares during the period. Integrated Wealth Concepts LLC lifted its stake in shares of iShares iBonds 2028 Term High Yield and Income ETF by 23.4% in the fourth quarter. Integrated Wealth Concepts LLC now owns 59,365 shares of the company’s stock valued at $1,405,000 after buying an additional 11,258 shares during the period. Rebalance LLC acquired a new stake in iShares iBonds 2028 Term High Yield and Income ETF during the fourth quarter worth about $1,105,000. Finally, Heartland Bank & Trust Co increased its stake in iShares iBonds 2028 Term High Yield and Income ETF by 5.1% during the fourth quarter. Heartland Bank & Trust Co now owns 26,821 shares of the company’s stock valued at $635,000 after acquiring an additional 1,311 shares during the period.

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. IBHH was launched on Mar 8, 2022 and is managed by BlackRock.