iShares iBonds 2027 Term High Yield and Income ETF (BATS:IBHG) Shares Down 0.4% – Here’s What Happened

Shares of iShares iBonds 2027 Term High Yield and Income ETF (BATS:IBHG) traded down 0.4% during trading on Thursday . The company traded as low as $22.2950 and last traded at $22.2050. 153,447 shares were traded during trading, an increase of 85% from the average session volume of 83,028 shares. The stock had previously closed at $22.3050.

iShares iBonds 2027 Term High Yield and Income ETF Stock Performance

The business’s 50 day moving average price is $22.32 and its 200-day moving average price is $22.39.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Lbmc Investment Advisors LLC raised its stake in iShares iBonds 2027 Term High Yield and Income ETF by 25.1% during the third quarter. Lbmc Investment Advisors LLC now owns 1,458,696 shares of the company’s stock worth $32,806,000 after buying an additional 293,075 shares during the last quarter. Heartland Bank & Trust Co grew its holdings in iShares iBonds 2027 Term High Yield and Income ETF by 69.7% during the 2nd quarter. Heartland Bank & Trust Co now owns 24,753 shares of the company’s stock worth $558,000 after acquiring an additional 10,163 shares during the period. Hurley Capital LLC raised its position in shares of iShares iBonds 2027 Term High Yield and Income ETF by 261.6% in the 2nd quarter. Hurley Capital LLC now owns 27,990 shares of the company’s stock worth $631,000 after acquiring an additional 20,249 shares in the last quarter. NewEdge Advisors LLC lifted its stake in shares of iShares iBonds 2027 Term High Yield and Income ETF by 6.3% in the 3rd quarter. NewEdge Advisors LLC now owns 140,502 shares of the company’s stock valued at $3,160,000 after purchasing an additional 8,331 shares during the period. Finally, Integrated Wealth Concepts LLC boosted its position in shares of iShares iBonds 2027 Term High Yield and Income ETF by 2.7% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 57,912 shares of the company’s stock valued at $1,302,000 after purchasing an additional 1,531 shares in the last quarter.

About iShares iBonds 2027 Term High Yield and Income ETF

The iShares iBonds 2027 Term High Yield and Income ETF (IBHG) 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 2027. The fund will terminate in December 2027. IBHG was launched on Jul 7, 2021 and is managed by BlackRock.