iShares iBonds 2030 Term High Yield and Income ETF (NYSEARCA:IBHJ) Trading Down 0.4% – Here’s Why

iShares iBonds 2030 Term High Yield and Income ETF (NYSEARCA:IBHJ) fell 0.4% during mid-day trading on Tuesday . The stock traded as low as $26.57 and last traded at $26.58. 7,973 shares traded hands during trading, a decline of 77% from the average session volume of 34,738 shares. The stock had previously closed at $26.68.

iShares iBonds 2030 Term High Yield and Income ETF Price Performance

The firm has a 50-day moving average of $26.66 and a two-hundred day moving average of $26.62.

Hedge Funds Weigh In On iShares iBonds 2030 Term High Yield and Income ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. Captrust Financial Advisors purchased a new stake in shares of iShares iBonds 2030 Term High Yield and Income ETF during the 2nd quarter worth about $353,000. Lbmc Investment Advisors LLC lifted its position in iShares iBonds 2030 Term High Yield and Income ETF by 88.2% during the third quarter. Lbmc Investment Advisors LLC now owns 521,450 shares of the company’s stock valued at $13,975,000 after buying an additional 244,339 shares in the last quarter. Finally, High Note Wealth LLC purchased a new stake in iShares iBonds 2030 Term High Yield and Income ETF during the fourth quarter worth approximately $25,000.

iShares iBonds 2030 Term High Yield and Income ETF Company Profile

The iShares iBonds 2030 Term High Yield and Income ETF (IBHJ) 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 2030. The fund will terminate in December 2030. IBHJ was launched on Jun 21, 2023 and is managed by BlackRock.