iShares iBonds 2027 Term High Yield and Income ETF (BATS:IBHG) Stock Price Up 0.7% – Time to Buy?

Shares of iShares iBonds 2027 Term High Yield and Income ETF (BATS:IBHG) shot up 0.7% on Monday . The company traded as high as $22.43 and last traded at $22.47. 189,764 shares were traded during mid-day trading, The stock had previously closed at $22.30.

iShares iBonds 2027 Term High Yield and Income ETF Stock Performance

The company has a 50 day moving average price of $22.36 and a 200-day moving average price of $22.39.

iShares iBonds 2027 Term High Yield and Income ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, February 6th. Investors of record on Monday, February 3rd were issued a $0.118 dividend. The ex-dividend date was Monday, February 3rd.

Hedge Funds Weigh In On iShares iBonds 2027 Term High Yield and Income ETF

Several large investors have recently added to or reduced their stakes in the company. Hurley Capital LLC bought a new stake in iShares iBonds 2027 Term High Yield and Income ETF during the fourth quarter valued at about $37,000. 10Elms LLP bought a new position in shares of iShares iBonds 2027 Term High Yield and Income ETF in the fourth quarter worth about $92,000. JPMorgan Chase & Co. grew its position in shares of iShares iBonds 2027 Term High Yield and Income ETF by 40.6% during the fourth quarter. JPMorgan Chase & Co. now owns 7,356 shares of the company’s stock worth $164,000 after purchasing an additional 2,125 shares in the last quarter. Heartland Bank & Trust Co bought a new stake in iShares iBonds 2027 Term High Yield and Income ETF during the 4th quarter valued at approximately $240,000. Finally, Klaas Financial Asset Advisors LLC bought a new stake in iShares iBonds 2027 Term High Yield and Income ETF during the 4th quarter valued at approximately $275,000.

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.