iShares iBonds 2027 Term High Yield and Income ETF (BATS:IBHG – Get Free Report)’s share price dropped 0.1% during mid-day trading on Wednesday . The company traded as low as $21.94 and last traded at $21.97. Approximately 210,063 shares changed hands during trading, an increase of 35% from the average session volume of 155,506 shares. The stock had previously closed at $21.99.
iShares iBonds 2027 Term High Yield and Income ETF Price Performance
The company’s 50 day moving average price is $22.06 and its two-hundred day moving average price is $22.15.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the stock. Ascentis Independent Advisors acquired a new stake in shares of iShares iBonds 2027 Term High Yield and Income ETF in the first quarter valued at approximately $61,000. Arkadios Wealth Advisors acquired a new position in iShares iBonds 2027 Term High Yield and Income ETF during the first quarter worth $205,000. High Note Wealth LLC grew its holdings in iShares iBonds 2027 Term High Yield and Income ETF by 201.7% in the 4th quarter. High Note Wealth LLC now owns 10,713 shares of the company’s stock valued at $239,000 after buying an additional 7,162 shares in the last quarter. GAMMA Investing LLC grew its holdings in iShares iBonds 2027 Term High Yield and Income ETF by 148.3% in the 2nd quarter. GAMMA Investing LLC now owns 13,715 shares of the company’s stock valued at $303,000 after buying an additional 8,192 shares in the last quarter. Finally, Captrust Financial Advisors increased its stake in shares of iShares iBonds 2027 Term High Yield and Income ETF by 34.2% in the 4th quarter. Captrust Financial Advisors now owns 16,470 shares of the company’s stock worth $368,000 after acquiring an additional 4,200 shares during the last quarter.
About iShares iBonds 2027 Term High Yield and Income ETF
The iShares iBonds 2027 Term High Yield and Income ETF (IBHG) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund tracks a market-value-weighted index of USD-denominated, high yield and BBB-rated corporate bonds maturing in 2027. The fund will terminate in December 2027. IBHG was launched on Jul 7, 2021 and is managed by BlackRock.
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