iShares iBonds 2028 Term High Yield and Income ETF (BATS:IBHH) Trading 0% Higher – Still a Buy?

iShares iBonds 2028 Term High Yield and Income ETF (BATS:IBHH) shares traded up 0% on Tuesday . The stock traded as high as $23.63 and last traded at $23.62. 18,479 shares traded hands during trading, The stock had previously closed at $23.61.

iShares iBonds 2028 Term High Yield and Income ETF Trading Down 0.1 %

The company’s 50-day moving average is $23.62 and its two-hundred day moving average is $23.31.

iShares iBonds 2028 Term High Yield and Income ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, September 3rd were given a $0.1332 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd.

Institutional Inflows and Outflows

An institutional investor recently raised its position in iShares iBonds 2028 Term High Yield and Income ETF stock. GAMMA Investing LLC increased its stake in shares of iShares iBonds 2028 Term High Yield and Income ETF (BATS:IBHH) by 52.6% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 36,275 shares of the company’s stock after buying an additional 12,508 shares during the quarter. GAMMA Investing LLC owned about 1.12% of iShares iBonds 2028 Term High Yield and Income ETF worth $839,000 at the end of the most recent reporting period.

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.