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 mid-day trading on Monday . The stock traded as low as $22.47 and last traded at $22.47, with a volume of 8557 shares trading hands. The stock had previously closed at $22.55.

iShares iBonds 2026 Term High Yield and Income ETF Stock Performance

The company has a market capitalization of $837.38 million, a PE ratio of 10.85 and a beta of 0.29. The stock has a fifty day moving average of $22.61 and a 200 day moving average of $22.83.

Hedge Funds Weigh In On iShares iBonds 2026 Term High Yield and Income ETF

Several hedge funds have recently modified their holdings of IBHF. Private Trust Co. NA boosted its position in shares of 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 acquiring an additional 610 shares during the last quarter. North Star Investment Management Corp. grew its stake in iShares iBonds 2026 Term High Yield and Income ETF by 42.2% during the fourth quarter. North Star Investment Management Corp. now owns 4,265 shares of the company’s stock valued at $98,000 after acquiring an additional 1,265 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in iShares iBonds 2026 Term High Yield and Income ETF in the 1st quarter valued at $200,000. Eldridge Investment Advisors Inc. bought a new stake in iShares iBonds 2026 Term High Yield and Income ETF in the 4th quarter valued at $215,000. Finally, Captrust Financial Advisors purchased a new stake in iShares iBonds 2026 Term High Yield and Income ETF in the 2nd quarter worth $254,000.

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.