iShares iBonds 2028 Term High Yield and Income ETF (BATS:IBHH) Stock Price Down 0.8% – Here’s Why

iShares iBonds 2028 Term High Yield and Income ETF (BATS:IBHH) traded down 0.8% on Thursday . The company traded as low as $23.80 and last traded at $23.63. 109,717 shares changed hands during trading, an increase of 79% from the average session volume of 61,372 shares. The stock had previously closed at $23.81.

iShares iBonds 2028 Term High Yield and Income ETF Stock Down 0.5%

The business has a 50 day simple moving average of $23.70 and a 200-day simple moving average of $23.71.

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

Institutional investors and hedge funds have recently bought and sold shares of the company. High Note Wealth LLC grew its stake in shares of iShares iBonds 2028 Term High Yield and Income ETF by 696.0% in the 4th quarter. High Note Wealth LLC now owns 6,042 shares of the company’s stock valued at $143,000 after buying an additional 5,283 shares during the period. Captrust Financial Advisors acquired a new position in iShares iBonds 2028 Term High Yield and Income ETF in the second quarter valued at approximately $271,000. Klaas Financial Asset Advisors LLC acquired a new stake in iShares iBonds 2028 Term High Yield and Income ETF during the fourth quarter worth $489,000. Heartland Bank & Trust Co raised its position in iShares iBonds 2028 Term High Yield and Income ETF by 61.4% in the second quarter. Heartland Bank & Trust Co now owns 20,961 shares of the company’s stock valued at $497,000 after purchasing an additional 7,972 shares during the period. Finally, Rebalance LLC purchased a new stake in iShares iBonds 2028 Term High Yield and Income ETF in the fourth quarter valued at $1,105,000.

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.