iShares iBonds 2026 Term High Yield and Income ETF (BATS:IBHF) Hits New 1-Year Low – Here’s Why

iShares iBonds 2026 Term High Yield and Income ETF (BATS:IBHF) shares hit a new 52-week low during trading on Tuesday . The company traded as low as $22.71 and last traded at $22.71, with a volume of 19433 shares. The stock had previously closed at $22.75.

iShares iBonds 2026 Term High Yield and Income ETF Trading Down 0.1%

The stock has a market capitalization of $846.32 million, a PE ratio of 10.85 and a beta of 0.29. The stock’s fifty day simple moving average is $22.89 and its 200-day simple moving average is $23.05.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Private Trust Co. NA increased its holdings in iShares iBonds 2026 Term High Yield and Income ETF by 26.0% during the fourth quarter. Private Trust Co. NA now owns 2,955 shares of the company’s stock worth $68,000 after buying an additional 610 shares during the last quarter. North Star Investment Management Corp. lifted its position in shares of iShares iBonds 2026 Term High Yield and Income ETF by 42.2% during the 4th quarter. North Star Investment Management Corp. now owns 4,265 shares of the company’s stock valued at $98,000 after buying an additional 1,265 shares during the last quarter. Rebalance LLC lifted its holdings in iShares iBonds 2026 Term High Yield and Income ETF by 3.3% during the fourth quarter. Rebalance LLC now owns 48,254 shares of the company’s stock valued at $1,114,000 after purchasing an additional 1,539 shares during the last quarter. Heartland Bank & Trust Co boosted its position in iShares iBonds 2026 Term High Yield and Income ETF by 9.7% during the fourth quarter. Heartland Bank & Trust Co now owns 29,939 shares of the company’s stock worth $691,000 after purchasing an additional 2,647 shares during the period. Finally, Klaas Financial Asset Advisors LLC increased its stake in shares of iShares iBonds 2026 Term High Yield and Income ETF by 17.3% in the fourth quarter. Klaas Financial Asset Advisors LLC now owns 28,056 shares of the company’s stock worth $648,000 after purchasing an additional 4,147 shares in the last quarter.

About iShares iBonds 2026 Term High Yield and Income ETF

The iShares iBonds 2026 Term High Yield and Income ETF (IBHF) 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 2026. The fund will terminate in December 2026. IBHF was launched on Nov 10, 2020 and is managed by BlackRock.