iShares iBonds 2024 Term High Yield and Income ETF (BATS:IBHD) Shares Sold by Arrow Financial Corp

Arrow Financial Corp lowered its stake in shares of iShares iBonds 2024 Term High Yield and Income ETF (BATS:IBHD) by 38.9% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 124,461 shares of the company’s stock after selling 79,134 shares during the quarter. Arrow Financial Corp’s holdings in iShares iBonds 2024 Term High Yield and Income ETF were worth $2,899,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mill Creek Capital Advisors LLC boosted its holdings in iShares iBonds 2024 Term High Yield and Income ETF by 1.6% in the 2nd quarter. Mill Creek Capital Advisors LLC now owns 36,043 shares of the company’s stock valued at $838,000 after purchasing an additional 575 shares during the last quarter. GAMMA Investing LLC raised its position in shares of iShares iBonds 2024 Term High Yield and Income ETF by 106.8% during the 2nd quarter. GAMMA Investing LLC now owns 47,592 shares of the company’s stock valued at $1,106,000 after buying an additional 24,573 shares during the period. Finally, Lbmc Investment Advisors LLC lifted its holdings in iShares iBonds 2024 Term High Yield and Income ETF by 12.7% in the second quarter. Lbmc Investment Advisors LLC now owns 80,481 shares of the company’s stock valued at $1,870,000 after acquiring an additional 9,062 shares during the last quarter.

iShares iBonds 2024 Term High Yield and Income ETF Price Performance

Shares of iShares iBonds 2024 Term High Yield and Income ETF stock opened at $23.20 on Friday. The stock has a fifty day simple moving average of $23.23 and a 200 day simple moving average of $23.21.

iShares iBonds 2024 Term High Yield and Income ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, September 3rd were issued a dividend of $0.1169 per share. The ex-dividend date of this dividend was Tuesday, September 3rd.

About iShares iBonds 2024 Term High Yield and Income ETF

The iShares iBonds 2024 Term High Yield and Income ETF (IBHD) 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 2024. The fund will terminate in December 2024.