iShares iBonds 2029 Term High Yield and Income ETF (BATS:IBHI) Trading Up 0.3% – What’s Next?

iShares iBonds 2029 Term High Yield and Income ETF (BATS:IBHI)’s share price shot up 0.3% on Tuesday . The company traded as high as $23.32 and last traded at $23.30. 25,375 shares traded hands during mid-day trading, a decline of 81% from the average session volume of 132,333 shares. The stock had previously closed at $23.24.

iShares iBonds 2029 Term High Yield and Income ETF Stock Up 0.4%

The firm’s 50-day moving average price is $23.56 and its 200 day moving average price is $23.63. The company has a market capitalization of $172.42 million, a P/E ratio of 10.62 and a beta of 0.53.

Institutional Trading of iShares iBonds 2029 Term High Yield and Income ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IBHI. Lbmc Investment Advisors LLC raised its stake in shares of iShares iBonds 2029 Term High Yield and Income ETF by 84.4% in the third quarter. Lbmc Investment Advisors LLC now owns 943,906 shares of the company’s stock worth $22,512,000 after purchasing an additional 432,027 shares during the last quarter. NewEdge Advisors LLC boosted its position in shares of iShares iBonds 2029 Term High Yield and Income ETF by 18.1% during the fourth quarter. NewEdge Advisors LLC now owns 883,775 shares of the company’s stock valued at $20,884,000 after buying an additional 135,322 shares during the last quarter. Integrated Wealth Concepts LLC grew its holdings in iShares iBonds 2029 Term High Yield and Income ETF by 17.4% during the fourth quarter. Integrated Wealth Concepts LLC now owns 87,297 shares of the company’s stock worth $2,063,000 after buying an additional 12,955 shares in the last quarter. Captrust Financial Advisors grew its holdings in iShares iBonds 2029 Term High Yield and Income ETF by 30.1% during the fourth quarter. Captrust Financial Advisors now owns 16,229 shares of the company’s stock worth $383,000 after buying an additional 3,750 shares in the last quarter. Finally, Reliant Wealth Planning purchased a new stake in iShares iBonds 2029 Term High Yield and Income ETF in the 3rd quarter valued at $201,000.

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.