iShares iBonds 2028 Term High Yield and Income ETF (BATS:IBHH) Shares Down 0.2% – Time to Sell?

iShares iBonds 2028 Term High Yield and Income ETF (BATS:IBHH)’s stock price dropped 0.2% during trading on Tuesday . The company traded as low as $23.54 and last traded at $23.56. Approximately 182,565 shares traded hands during mid-day trading, an increase of 48% from the average daily volume of 123,094 shares. The stock had previously closed at $23.60.

iShares iBonds 2028 Term High Yield and Income ETF Stock Down 0.2%

The stock has a 50 day moving average of $23.53 and a 200 day moving average of $23.64.

Hedge Funds Weigh In On iShares iBonds 2028 Term High Yield and Income ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of IBHH. NewEdge Advisors LLC boosted its stake in 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 valued at $18,193,000 after acquiring an additional 241,224 shares during the period. Rebalance LLC acquired a new position in iShares iBonds 2028 Term High Yield and Income ETF in the fourth quarter valued at approximately $1,105,000. Klaas Financial Asset Advisors LLC acquired a new position in iShares iBonds 2028 Term High Yield and Income ETF in the fourth quarter valued at approximately $489,000. Captrust Financial Advisors acquired a new position in iShares iBonds 2028 Term High Yield and Income ETF in the second quarter valued at approximately $271,000. Finally, Integrated Wealth Concepts LLC boosted its stake in iShares iBonds 2028 Term High Yield and Income ETF by 23.4% in the fourth quarter. Integrated Wealth Concepts LLC now owns 59,365 shares of the company’s stock valued at $1,405,000 after acquiring an additional 11,258 shares during the period.

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. IBHH was launched on Mar 8, 2022 and is managed by BlackRock.