Exchange Capital Management Inc. Has $988,000 Holdings in iShares iBonds 2024 Term High Yield and Income ETF (BATS:IBHD)

Exchange Capital Management Inc. decreased its holdings in shares of iShares iBonds 2024 Term High Yield and Income ETF (BATS:IBHD) by 2.5% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 42,520 shares of the company’s stock after selling 1,100 shares during the period. Exchange Capital Management Inc.’s holdings in iShares iBonds 2024 Term High Yield and Income ETF were worth $988,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Cambridge Investment Research Advisors Inc. lifted its stake in iShares iBonds 2024 Term High Yield and Income ETF by 955.8% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 436,484 shares of the company’s stock valued at $10,131,000 after buying an additional 395,141 shares during the period. Arrow Financial Corp increased its stake in shares of iShares iBonds 2024 Term High Yield and Income ETF by 16.7% in the 4th quarter. Arrow Financial Corp now owns 1,261,126 shares of the company’s stock valued at $29,271,000 after acquiring an additional 180,261 shares during the last quarter. Lbmc Investment Advisors LLC raised its position in shares of iShares iBonds 2024 Term High Yield and Income ETF by 74.3% in the 1st quarter. Lbmc Investment Advisors LLC now owns 71,419 shares of the company’s stock valued at $1,665,000 after acquiring an additional 30,436 shares during the period. GAMMA Investing LLC boosted its stake in iShares iBonds 2024 Term High Yield and Income ETF by 106.8% during the 2nd quarter. GAMMA Investing LLC now owns 47,592 shares of the company’s stock worth $1,106,000 after acquiring an additional 24,573 shares during the last quarter. Finally, Peloton Wealth Strategists grew its holdings in iShares iBonds 2024 Term High Yield and Income ETF by 19.4% during the fourth quarter. Peloton Wealth Strategists now owns 103,750 shares of the company’s stock valued at $2,408,000 after purchasing an additional 16,890 shares during the period.

iShares iBonds 2024 Term High Yield and Income ETF Stock Performance

BATS:IBHD traded up $0.02 during trading hours on Thursday, hitting $23.23. The stock had a trading volume of 125,965 shares. The firm has a 50 day moving average price of $23.18 and a 200 day moving average price of $23.22.

iShares iBonds 2024 Term High Yield and Income ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, July 5th. Investors of record on Monday, July 1st were paid a dividend of $0.1178 per share. The ex-dividend date was Monday, July 1st.

iShares iBonds 2024 Term High Yield and Income ETF Company Profile

The iShares iBonds 2024 Term High Yield and Income ETF (IBHD) 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 2024. The fund will terminate in December 2024.