iShares iBonds 2025 Term High Yield and Income ETF (BATS:IBHE) Trading 0.1% Higher – Here’s Why

iShares iBonds 2025 Term High Yield and Income ETF (BATS:IBHE)’s stock price shot up 0.1% during trading on Monday . The stock traded as high as $23.24 and last traded at $23.23. Approximately 290,165 shares were traded during mid-day trading, The stock had previously closed at $23.21.

iShares iBonds 2025 Term High Yield and Income ETF Stock Performance

The company’s fifty day moving average is $23.22 and its 200-day moving average is $23.23.

iShares iBonds 2025 Term High Yield and Income ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, September 3rd were given a dividend of $0.1413 per share. The ex-dividend date was Tuesday, September 3rd. This is an increase from iShares iBonds 2025 Term High Yield and Income ETF’s previous dividend of $0.14.

Hedge Funds Weigh In On iShares iBonds 2025 Term High Yield and Income ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC purchased a new position in iShares iBonds 2025 Term High Yield and Income ETF during the 1st quarter worth approximately $267,000. Comerica Bank lifted its holdings in iShares iBonds 2025 Term High Yield and Income ETF by 31.1% in the first quarter. Comerica Bank now owns 6,225 shares of the company’s stock valued at $146,000 after acquiring an additional 1,475 shares during the period. GAMMA Investing LLC grew its stake in shares of iShares iBonds 2025 Term High Yield and Income ETF by 124.0% during the 2nd quarter. GAMMA Investing LLC now owns 52,199 shares of the company’s stock worth $1,215,000 after purchasing an additional 28,901 shares during the period. Lbmc Investment Advisors LLC increased its holdings in shares of iShares iBonds 2025 Term High Yield and Income ETF by 28.9% during the 2nd quarter. Lbmc Investment Advisors LLC now owns 143,910 shares of the company’s stock valued at $3,349,000 after purchasing an additional 32,301 shares in the last quarter. Finally, Exchange Capital Management Inc. increased its holdings in shares of iShares iBonds 2025 Term High Yield and Income ETF by 7.0% during the 2nd quarter. Exchange Capital Management Inc. now owns 11,523 shares of the company’s stock valued at $268,000 after purchasing an additional 753 shares in the last quarter.

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.