iShares iBonds 2029 Term High Yield and Income ETF (BATS:IBHI – Get Free Report)’s share price shot up 0.1% on Thursday . The company traded as high as $23.38 and last traded at $23.36. 69,726 shares traded hands during trading, a decline of 48% from the average session volume of 134,773 shares. The stock had previously closed at $23.34.
iShares iBonds 2029 Term High Yield and Income ETF Price Performance
The stock has a market cap of $172.86 million, a PE ratio of 10.62 and a beta of 0.53. The stock has a 50-day moving average price of $23.38 and a two-hundred day moving average price of $23.50.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. High Note Wealth LLC purchased a new position in iShares iBonds 2029 Term High Yield and Income ETF in the fourth quarter worth about $65,000. Reliant Wealth Planning purchased a new position in iShares iBonds 2029 Term High Yield and Income ETF in the third 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 fourth quarter. Captrust Financial Advisors now owns 16,229 shares of the company’s stock worth $383,000 after acquiring an additional 3,750 shares in the last quarter. McIlrath & Eck LLC grew its position in iShares iBonds 2029 Term High Yield and Income ETF by 101.3% in the first quarter. McIlrath & Eck LLC now owns 17,311 shares of the company’s stock worth $403,000 after acquiring an additional 8,712 shares in the last quarter. Finally, Heartland Bank & Trust Co purchased a new position in iShares iBonds 2029 Term High Yield and Income ETF in the first quarter worth about $582,000.
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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