iShares iBonds 2028 Term High Yield and Income ETF (BATS:IBHH) Trading 0% Higher – Still a Buy?

Shares of iShares iBonds 2028 Term High Yield and Income ETF (BATS:IBHH) shot up 0% during mid-day trading on Tuesday . The stock traded as high as $23.63 and last traded at $23.62. 18,479 shares were traded during mid-day trading, The stock had previously closed at $23.61.

iShares iBonds 2028 Term High Yield and Income ETF Stock Down 0.1 %

The company has a fifty day moving average of $23.62 and a 200-day moving average of $23.31.

iShares iBonds 2028 Term High Yield and Income ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, September 3rd were issued a $0.1332 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd.

Institutional Investors Weigh In On iShares iBonds 2028 Term High Yield and Income ETF

An institutional investor recently raised its position in iShares iBonds 2028 Term High Yield and Income ETF stock. GAMMA Investing LLC lifted its position in iShares iBonds 2028 Term High Yield and Income ETF (BATS:IBHH) by 52.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 36,275 shares of the company’s stock after buying an additional 12,508 shares during the quarter. GAMMA Investing LLC owned approximately 1.12% of iShares iBonds 2028 Term High Yield and Income ETF worth $839,000 at the end of the most recent reporting period.

iShares iBonds 2028 Term High Yield and Income ETF Company Profile

The iShares iBonds 2028 Term High Yield and Income ETF (IBHH) 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 2028. The fund will terminate in December 2028.