Exchange Capital Management Inc. Makes New Investment in iShares iBonds 2025 Term High Yield and Income ETF (BATS:IBHE)

Exchange Capital Management Inc. bought a new position in shares of iShares iBonds 2025 Term High Yield and Income ETF (BATS:IBHE) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 10,770 shares of the company’s stock, valued at approximately $252,000. Exchange Capital Management Inc. owned approximately 0.12% of iShares iBonds 2025 Term High Yield and Income ETF at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of IBHE. Cambridge Investment Research Advisors Inc. increased its stake in shares of iShares iBonds 2025 Term High Yield and Income ETF by 42.0% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 89,641 shares of the company’s stock valued at $2,071,000 after buying an additional 26,502 shares during the period. Arrow Financial Corp acquired a new position in shares of iShares iBonds 2025 Term High Yield and Income ETF in the fourth quarter valued at approximately $310,000. GAMMA Investing LLC acquired a new position in shares of iShares iBonds 2025 Term High Yield and Income ETF in the first quarter valued at approximately $545,000. Lbmc Investment Advisors LLC boosted its holdings in shares of iShares iBonds 2025 Term High Yield and Income ETF by 679.5% during the 1st quarter. Lbmc Investment Advisors LLC now owns 111,609 shares of the company’s stock worth $2,609,000 after buying an additional 97,291 shares in the last quarter. Finally, Sunbelt Securities Inc. boosted its holdings in shares of iShares iBonds 2025 Term High Yield and Income ETF by 4.1% during the 1st quarter. Sunbelt Securities Inc. now owns 20,190 shares of the company’s stock worth $472,000 after buying an additional 788 shares in the last quarter.

iShares iBonds 2025 Term High Yield and Income ETF Trading Up 0.1 %

iShares iBonds 2025 Term High Yield and Income ETF stock opened at $23.19 on Wednesday. The stock’s 50-day simple moving average is $23.28 and its 200 day simple moving average is $23.25.

iShares iBonds 2025 Term High Yield and Income ETF Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, July 5th. Shareholders of record on Monday, July 1st will be issued a dividend of $0.1372 per share. The ex-dividend date of this dividend is Monday, July 1st.

About iShares iBonds 2025 Term High Yield and Income ETF

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.