Heartland Bank & Trust Co purchased a new stake in iShares iBonds 2029 Term High Yield and Income ETF (BATS:IBHI – Free Report) in the second quarter, HoldingsChannel reports. The fund purchased 142,262 shares of the company’s stock, valued at approximately $3,253,000. iShares iBonds 2029 Term High Yield and Income ETF comprises about 0.7% of Heartland Bank & Trust Co’s investment portfolio, making the stock its 28th biggest position.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in IBHI. Integrated Wealth Concepts LLC increased its stake in iShares iBonds 2029 Term High Yield and Income ETF by 7.5% during the third quarter. Integrated Wealth Concepts LLC now owns 74,342 shares of the company’s stock worth $1,773,000 after acquiring an additional 5,200 shares during the last quarter. NewEdge Advisors LLC lifted its stake in shares of iShares iBonds 2029 Term High Yield and Income ETF by 20,719.3% in the 3rd quarter. NewEdge Advisors LLC now owns 748,453 shares of the company’s stock valued at $17,851,000 after purchasing an additional 744,858 shares during the last quarter. High Note Wealth LLC bought a new stake in shares of iShares iBonds 2029 Term High Yield and Income ETF in the 4th quarter valued at approximately $65,000. Captrust Financial Advisors boosted its holdings in shares of 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 period. Finally, McIlrath & Eck LLC boosted its holdings in shares of iShares iBonds 2029 Term High Yield and Income ETF by 101.3% in the 1st quarter. McIlrath & Eck LLC now owns 17,311 shares of the company’s stock worth $403,000 after purchasing an additional 8,712 shares during the period.
iShares iBonds 2029 Term High Yield and Income ETF Stock Performance
BATS IBHI opened at $23.32 on Friday. The business’s 50 day moving average price is $23.31 and its 200-day moving average price is $23.37. iShares iBonds 2029 Term High Yield and Income ETF has a fifty-two week low of $23.01 and a fifty-two week high of $23.90. The company has a market cap of $172.57 million, a P/E ratio of 10.62 and a beta of 0.53.
iShares iBonds 2029 Term High Yield and Income ETF Company Profile
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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