iShares iBonds 2029 Term High Yield and Income ETF (BATS:IBHI) Trading 0.3% Higher – Still a Buy?

Shares of iShares iBonds 2029 Term High Yield and Income ETF (BATS:IBHI) shot up 0.3% during mid-day trading on Tuesday . The stock traded as high as $23.53 and last traded at $23.5850. 17,514 shares changed hands during mid-day trading, a decline of 65% from the average session volume of 49,598 shares. The stock had previously closed at $23.51.

iShares iBonds 2029 Term High Yield and Income ETF Price Performance

The stock has a market capitalization of $174.53 million, a P/E ratio of 10.62 and a beta of 0.53. The stock’s fifty day moving average is $23.63 and its 200-day moving average is $23.59.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. OLD Mission Capital LLC bought a new position in shares of iShares iBonds 2029 Term High Yield and Income ETF in the 1st quarter valued at approximately $1,293,000. Lbmc Investment Advisors LLC grew its holdings in iShares iBonds 2029 Term High Yield and Income ETF by 10.5% during the second quarter. Lbmc Investment Advisors LLC now owns 511,879 shares of the company’s stock valued at $12,126,000 after purchasing an additional 48,631 shares during the last quarter. Integrated Wealth Concepts LLC raised its position 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. NewEdge Advisors LLC raised its position in shares of iShares iBonds 2029 Term High Yield and Income ETF by 20,719.3% in the third 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 period. Finally, Reliant Wealth Planning acquired a new stake in shares of iShares iBonds 2029 Term High Yield and Income ETF in the third quarter worth $201,000.

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.