iShares iBonds 2027 Term High Yield and Income ETF (BATS:IBHG) Shares Down 0.1% – Should You Sell?

iShares iBonds 2027 Term High Yield and Income ETF (BATS:IBHG)’s stock price traded down 0.1% during trading on Wednesday. The stock traded as low as $21.76 and last traded at $21.78. Approximately 190,420 shares changed hands during mid-day trading, an increase of 30% from the average session volume of 146,938 shares. The stock had previously closed at $21.80.

iShares iBonds 2027 Term High Yield and Income ETF Stock Down 0.0%

The company has a 50-day moving average price of $21.91 and a two-hundred day moving average price of $22.01.

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

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp acquired a new stake in iShares iBonds 2027 Term High Yield and Income ETF in the first quarter valued at approximately $8,868,000. Hurley Capital LLC lifted its position in shares of iShares iBonds 2027 Term High Yield and Income ETF by 7.5% during the fourth quarter. Hurley Capital LLC now owns 187,650 shares of the company’s stock worth $4,188,000 after purchasing an additional 13,022 shares in the last quarter. Roble Belko & Company Inc acquired a new position in shares of iShares iBonds 2027 Term High Yield and Income ETF during the second quarter worth $2,183,000. Parallel Advisors LLC lifted its position in shares of iShares iBonds 2027 Term High Yield and Income ETF by 32.8% during the first quarter. Parallel Advisors LLC now owns 42,725 shares of the company’s stock worth $946,000 after purchasing an additional 10,550 shares in the last quarter. Finally, Heartland Bank & Trust Co boosted its stake in shares of iShares iBonds 2027 Term High Yield and Income ETF by 6.6% in the first quarter. Heartland Bank & Trust Co now owns 35,631 shares of the company’s stock valued at $789,000 after purchasing an additional 2,197 shares during the period.

iShares iBonds 2027 Term High Yield and Income ETF Company Profile

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.