iShares iBonds 2028 Term High Yield and Income ETF (BATS:IBHH) Trading Down 0.2% – Here’s Why

iShares iBonds 2028 Term High Yield and Income ETF (BATS:IBHH) shares were down 0.2% during mid-day trading on Monday . The stock traded as low as $23.40 and last traded at $23.40. Approximately 50,469 shares changed hands during mid-day trading, a decline of 56% from the average daily volume of 114,192 shares. The stock had previously closed at $23.44.

iShares iBonds 2028 Term High Yield and Income ETF Stock Down 0.0%

The stock’s fifty day simple moving average is $23.47 and its 200 day simple moving average is $23.55.

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

Several institutional investors and hedge funds have recently bought and sold shares of IBHH. NewEdge Advisors LLC increased its position in iShares iBonds 2028 Term High Yield and Income ETF by 4.4% during the 4th 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 in the last quarter. Integrated Wealth Concepts LLC increased its holdings in shares of iShares iBonds 2028 Term High Yield and Income ETF by 23.4% during the fourth quarter. Integrated Wealth Concepts LLC now owns 59,365 shares of the company’s stock valued at $1,405,000 after acquiring an additional 11,258 shares in the last quarter. Rebalance LLC purchased a new position in shares of iShares iBonds 2028 Term High Yield and Income ETF in the 4th quarter valued at approximately $1,105,000. Heartland Bank & Trust Co raised its position in shares of iShares iBonds 2028 Term High Yield and Income ETF by 14.5% in the 1st quarter. Heartland Bank & Trust Co now owns 30,711 shares of the company’s stock valued at $721,000 after purchasing an additional 3,890 shares during the last quarter. Finally, Klaas Financial Asset Advisors LLC acquired a new stake in iShares iBonds 2028 Term High Yield and Income ETF in the 4th quarter worth approximately $489,000.

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