iShares iBonds 2028 Term High Yield and Income ETF (BATS:IBHH) Shares Down 0.1% – Should You Sell?

iShares iBonds 2028 Term High Yield and Income ETF (BATS:IBHH) dropped 0.1% on Monday . The stock traded as low as $23.45 and last traded at $23.52. Approximately 82,159 shares were traded during trading, an increase of 70% from the average daily volume of 48,421 shares. The stock had previously closed at $23.54.

iShares iBonds 2028 Term High Yield and Income ETF Stock Performance

The stock’s 50-day simple moving average is $23.56 and its two-hundred day simple moving average is $23.56.

iShares iBonds 2028 Term High Yield and Income ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd were given a $0.1311 dividend. The ex-dividend date was Monday, March 3rd.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in IBHH. Integrated Wealth Concepts LLC increased its holdings in iShares iBonds 2028 Term High Yield and Income ETF by 2.3% in the third quarter. Integrated Wealth Concepts LLC now owns 40,312 shares of the company’s stock valued at $959,000 after buying an additional 891 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of iShares iBonds 2028 Term High Yield and Income ETF by 36.8% during the 4th quarter. GAMMA Investing LLC now owns 163,463 shares of the company’s stock worth $3,820,000 after acquiring an additional 43,941 shares during the period. Lbmc Investment Advisors LLC boosted its holdings in iShares iBonds 2028 Term High Yield and Income ETF by 70.7% in the 4th quarter. Lbmc Investment Advisors LLC now owns 428,185 shares of the company’s stock valued at $10,006,000 after purchasing an additional 177,383 shares during the last quarter. Finally, JPMorgan Chase & Co. purchased a new position in iShares iBonds 2028 Term High Yield and Income ETF in the fourth quarter worth approximately $78,000.

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.