iShares iBonds 2028 Term High Yield and Income ETF (BATS:IBHH) Stock Price Down 0.1% – Here’s Why

iShares iBonds 2028 Term High Yield and Income ETF (BATS:IBHH) were down 0.1% on Wednesday . The stock traded as low as $23.57 and last traded at $23.58. Approximately 68,040 shares were traded during trading, The stock had previously closed at $23.61.

iShares iBonds 2028 Term High Yield and Income ETF Price Performance

The business has a 50-day simple moving average of $23.62 and a 200-day simple moving average of $23.38.

iShares iBonds 2028 Term High Yield and Income ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, September 3rd were issued a dividend of $0.1332 per share. The ex-dividend date of this dividend was Tuesday, September 3rd.

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

Several institutional investors have recently modified their holdings of IBHH. GAMMA Investing LLC increased its stake in iShares iBonds 2028 Term High Yield and Income ETF by 52.6% in the second quarter. GAMMA Investing LLC now owns 36,275 shares of the company’s stock valued at $839,000 after purchasing an additional 12,508 shares during the last quarter. Integrated Wealth Concepts LLC boosted its holdings in shares of iShares iBonds 2028 Term High Yield and Income ETF by 2.3% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 40,312 shares of the company’s stock valued at $959,000 after buying an additional 891 shares in the last quarter. Finally, Lbmc Investment Advisors LLC grew its position in shares of iShares iBonds 2028 Term High Yield and Income ETF by 59.1% in the 2nd quarter. Lbmc Investment Advisors LLC now owns 122,067 shares of the company’s stock valued at $2,822,000 after buying an additional 45,349 shares during the last quarter.

iShares iBonds 2028 Term High Yield and Income ETF Company Profile

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.