iShares iBonds 2029 Term High Yield and Income ETF (BATS:IBHI – Get Free Report) were up 0.3% during mid-day trading on Thursday . The stock traded as high as $23.52 and last traded at $23.50. Approximately 140,642 shares changed hands during mid-day trading, an increase of 1% from the average daily volume of 138,861 shares. The stock had previously closed at $23.43.
iShares iBonds 2029 Term High Yield and Income ETF Stock Performance
The stock has a market capitalization of $173.23 million, a P/E ratio of 10.62 and a beta of 0.53. The stock has a 50 day moving average of $23.36 and a 200 day moving average of $23.55.
Hedge Funds Weigh In On iShares iBonds 2029 Term High Yield and Income ETF
Several institutional investors have recently modified their holdings of the company. High Note Wealth LLC acquired a new stake in shares of iShares iBonds 2029 Term High Yield and Income ETF in the 4th quarter worth about $65,000. Reliant Wealth Planning bought a new position in iShares iBonds 2029 Term High Yield and Income ETF in the 3rd quarter worth about $201,000. Captrust Financial Advisors grew its position in iShares iBonds 2029 Term High Yield and Income ETF by 30.1% in the 4th quarter. Captrust Financial Advisors now owns 16,229 shares of the company’s stock worth $383,000 after purchasing an additional 3,750 shares during the last quarter. Integrated Wealth Concepts LLC increased its stake in shares of iShares iBonds 2029 Term High Yield and Income ETF by 7.5% in the third quarter. Integrated Wealth Concepts LLC now owns 74,342 shares of the company’s stock valued at $1,773,000 after purchasing an additional 5,200 shares during the period. Finally, NewEdge Advisors LLC raised its holdings in shares of iShares iBonds 2029 Term High Yield and Income ETF by 20,719.3% during the third quarter. NewEdge Advisors LLC now owns 748,453 shares of the company’s stock valued at $17,851,000 after buying an additional 744,858 shares during the last quarter.
About iShares iBonds 2029 Term High Yield and Income ETF
The iShares iBonds 2029 Term High Yield and Income ETF (IBHI) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks a market-value-weighted index of USD-denominated, high yield and BBB-rated corporate bonds maturing in 2029. The fund will terminate in December 2029. IBHI was launched on Mar 8, 2022 and is managed by BlackRock.
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