iShares iBonds 2027 Term High Yield and Income ETF $IBHG Stock Position Reduced by Parallel Advisors LLC

Parallel Advisors LLC reduced its holdings in iShares iBonds 2027 Term High Yield and Income ETF (BATS:IBHG) by 69.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 118,512 shares of the company’s stock after selling 265,854 shares during the quarter. Parallel Advisors LLC’s holdings in iShares iBonds 2027 Term High Yield and Income ETF were worth $2,581,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. United Community Bank acquired a new position in iShares iBonds 2027 Term High Yield and Income ETF during the 2nd quarter worth $38,000. Ascentis Independent Advisors bought a new position in shares of iShares iBonds 2027 Term High Yield and Income ETF in the first quarter worth $61,000. Peck Wealth Management LLC acquired a new position in shares of iShares iBonds 2027 Term High Yield and Income ETF during the third quarter valued at $166,000. Arkadios Wealth Advisors acquired a new position in shares of iShares iBonds 2027 Term High Yield and Income ETF during the first quarter valued at $205,000. Finally, GAMMA Investing LLC raised its stake in shares of iShares iBonds 2027 Term High Yield and Income ETF by 148.3% during the second quarter. GAMMA Investing LLC now owns 13,715 shares of the company’s stock valued at $303,000 after purchasing an additional 8,192 shares in the last quarter.

iShares iBonds 2027 Term High Yield and Income ETF Stock Performance

Shares of BATS IBHG opened at $21.67 on Monday. The firm’s 50-day simple moving average is $21.79 and its 200 day simple moving average is $22.02. iShares iBonds 2027 Term High Yield and Income ETF has a fifty-two week low of $21.62 and a fifty-two week high of $22.41.

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.