Exchange Capital Management Inc. Sells 4,039 Shares of iShares iBonds 2025 Term High Yield and Income ETF (BATS:IBHE)

Exchange Capital Management Inc. cut its stake in shares of iShares iBonds 2025 Term High Yield and Income ETF (BATS:IBHE) by 25.8% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 11,602 shares of the company’s stock after selling 4,039 shares during the quarter. Exchange Capital Management Inc.’s holdings in iShares iBonds 2025 Term High Yield and Income ETF were worth $269,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Heartland Bank & Trust Co purchased a new stake in iShares iBonds 2025 Term High Yield and Income ETF in the 4th quarter worth $232,000. Janney Montgomery Scott LLC bought a new position in shares of iShares iBonds 2025 Term High Yield and Income ETF in the 4th quarter valued at about $275,000. Klaas Financial Asset Advisors LLC lifted its holdings in shares of iShares iBonds 2025 Term High Yield and Income ETF by 17.9% in the 4th quarter. Klaas Financial Asset Advisors LLC now owns 15,854 shares of the company’s stock valued at $368,000 after acquiring an additional 2,408 shares during the last quarter. Integrated Wealth Concepts LLC raised its position in iShares iBonds 2025 Term High Yield and Income ETF by 81.3% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 130,965 shares of the company’s stock worth $3,051,000 after purchasing an additional 58,725 shares during the period. Finally, Lbmc Investment Advisors LLC raised its position in iShares iBonds 2025 Term High Yield and Income ETF by 23.2% in the 4th quarter. Lbmc Investment Advisors LLC now owns 218,140 shares of the company’s stock worth $5,061,000 after purchasing an additional 41,115 shares during the period.

iShares iBonds 2025 Term High Yield and Income ETF Stock Performance

Shares of BATS:IBHE opened at $23.28 on Wednesday. The stock’s 50 day moving average is $23.21 and its 200 day moving average is $23.21.

iShares iBonds 2025 Term High Yield and Income ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd were paid a $0.1093 dividend. The ex-dividend date of this dividend was Monday, February 3rd.

iShares iBonds 2025 Term High Yield and Income ETF Profile

The iShares iBonds 2025 Term High Yield and Income ETF (IBHE) 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 2025. The fund will terminate in December 2025.