iShares iBonds 2028 Term High Yield and Income ETF (BATS:IBHH) Trading Down 0.8% – Here’s What Happened

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

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

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

Institutional Investors Weigh In On iShares iBonds 2028 Term High Yield and Income ETF

Institutional investors have recently added to or reduced their stakes in the business. Heartland Bank & Trust Co increased its holdings in shares of iShares iBonds 2028 Term High Yield and Income ETF by 61.4% during the second quarter. Heartland Bank & Trust Co now owns 20,961 shares of the company’s stock valued at $497,000 after acquiring an additional 7,972 shares in the last quarter. Captrust Financial Advisors purchased a new stake in iShares iBonds 2028 Term High Yield and Income ETF during the 2nd quarter worth approximately $271,000. Lbmc Investment Advisors LLC increased its stake in iShares iBonds 2028 Term High Yield and Income ETF by 29.1% during the 3rd quarter. Lbmc Investment Advisors LLC now owns 1,515,968 shares of the company’s stock valued at $36,171,000 after purchasing an additional 342,056 shares in the last quarter. Integrated Wealth Concepts LLC raised its holdings in shares of iShares iBonds 2028 Term High Yield and Income ETF by 3.8% in the third quarter. Integrated Wealth Concepts LLC now owns 48,107 shares of the company’s stock worth $1,148,000 after buying an additional 1,739 shares during the last quarter. Finally, NewEdge Advisors LLC raised its holdings in shares of iShares iBonds 2028 Term High Yield and Income ETF by 46.3% in the third quarter. NewEdge Advisors LLC now owns 762,495 shares of the company’s stock worth $18,193,000 after buying an additional 241,224 shares during the last quarter.

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.