iShares iBonds 2027 Term High Yield and Income ETF (BATS:IBHG) Shares Down 0.1% – Here’s Why

Shares of iShares iBonds 2027 Term High Yield and Income ETF (BATS:IBHG) dropped 0.1% during trading on Wednesday . The stock traded as low as $22.40 and last traded at $22.43. Approximately 89,565 shares traded hands during mid-day trading, The stock had previously closed at $22.45.

iShares iBonds 2027 Term High Yield and Income ETF Price Performance

The company’s 50-day simple moving average is $22.44 and its 200 day simple moving average is $22.25.

iShares iBonds 2027 Term High Yield and Income ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, September 3rd were given a $0.1275 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd. This is a boost from iShares iBonds 2027 Term High Yield and Income ETF’s previous dividend of $0.13.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Integrated Wealth Concepts LLC raised its stake in iShares iBonds 2027 Term High Yield and Income ETF by 2.7% during the third quarter. Integrated Wealth Concepts LLC now owns 46,857 shares of the company’s stock worth $1,059,000 after acquiring an additional 1,254 shares in the last quarter. Lbmc Investment Advisors LLC boosted its holdings in iShares iBonds 2027 Term High Yield and Income ETF by 77.9% in the third quarter. Lbmc Investment Advisors LLC now owns 347,150 shares of the company’s stock valued at $7,846,000 after acquiring an additional 152,044 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of iShares iBonds 2027 Term High Yield and Income ETF by 284.8% during the 3rd quarter. GAMMA Investing LLC now owns 127,128 shares of the company’s stock worth $2,873,000 after buying an additional 94,091 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.