iShares iBonds 2029 Term High Yield and Income ETF (BATS:IBHI) Shares Up 0.1% – Here’s What Happened

iShares iBonds 2029 Term High Yield and Income ETF (BATS:IBHI) shares were up 0.1% during mid-day trading on Wednesday. The stock traded as high as $22.85 and last traded at $22.81. Approximately 42,742 shares changed hands during mid-day trading, a decline of 66% from the average session volume of 126,718 shares. The stock had previously closed at $22.79.

iShares iBonds 2029 Term High Yield and Income ETF Stock Performance

The stock has a market capitalization of $168.79 million, a price-to-earnings ratio of 10.62 and a beta of 0.53. The company has a fifty day simple moving average of $23.07 and a two-hundred day simple moving average of $23.26.

Institutional Investors Weigh In On iShares iBonds 2029 Term High Yield and Income ETF

Several institutional investors and hedge funds have recently made changes to their positions in IBHI. Bullock Wealth Management Group increased its holdings in iShares iBonds 2029 Term High Yield and Income ETF by 5.0% in the third quarter. Bullock Wealth Management Group now owns 37,800 shares of the company’s stock worth $858,000 after purchasing an additional 1,805 shares in the last quarter. GAMMA Investing LLC increased its position in shares of iShares iBonds 2029 Term High Yield and Income ETF by 11.0% during the third quarter. GAMMA Investing LLC now owns 14,129 shares of the company’s stock valued at $323,000 after acquiring an additional 1,404 shares during the last quarter. Heartland Bank & Trust Co purchased a new position in shares of iShares iBonds 2029 Term High Yield and Income ETF in the 2nd quarter worth about $3,253,000. Finally, McIlrath & Eck LLC increased its stake in shares of iShares iBonds 2029 Term High Yield and Income ETF by 101.3% during 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 last quarter.

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.