iShares Morningstar Multi-Asset Income ETF (BATS:IYLD) Trading 0.2% Higher – Time to Buy?

iShares Morningstar Multi-Asset Income ETF (BATS:IYLD) shot up 0.2% during trading on Thursday . The stock traded as high as $21.73 and last traded at $21.73. 16,944 shares were traded during mid-day trading, a decline of 44% from the average session volume of 30,135 shares. The stock had previously closed at $21.69.

iShares Morningstar Multi-Asset Income ETF Price Performance

The company has a market capitalization of $119.52 million, a price-to-earnings ratio of 12.85 and a beta of 0.48. The firm’s 50-day simple moving average is $22.11 and its two-hundred day simple moving average is $21.59.

Hedge Funds Weigh In On iShares Morningstar Multi-Asset Income ETF

Several hedge funds have recently bought and sold shares of IYLD. IFP Advisors Inc raised its holdings in iShares Morningstar Multi-Asset Income ETF by 923.9% during the third quarter. IFP Advisors Inc now owns 4,106 shares of the company’s stock worth $87,000 after purchasing an additional 3,705 shares during the last quarter. Triumph Capital Management acquired a new stake in iShares Morningstar Multi-Asset Income ETF in the third quarter valued at $48,000. NewEdge Advisors LLC grew its holdings in iShares Morningstar Multi-Asset Income ETF by 77.9% in the first quarter. NewEdge Advisors LLC now owns 3,484 shares of the company’s stock valued at $70,000 after purchasing an additional 1,526 shares during the last quarter. Jones Financial Companies Lllp increased its position in shares of iShares Morningstar Multi-Asset Income ETF by 15.9% in the third quarter. Jones Financial Companies Lllp now owns 6,964 shares of the company’s stock valued at $148,000 after buying an additional 954 shares in the last quarter. Finally, IHT Wealth Management LLC raised its stake in shares of iShares Morningstar Multi-Asset Income ETF by 5.6% during the 4th quarter. IHT Wealth Management LLC now owns 12,982 shares of the company’s stock worth $278,000 after buying an additional 690 shares during the last quarter.

iShares Morningstar Multi-Asset Income ETF Company Profile

The iShares Morningstar Multi-Asset Income ETF (IYLD) is an exchange-traded fund that is based on the Morningstar Multi-Asset High Income index. The fund tracks an index of fixed-income, equity, preferred stock and REIT ETFs with a focus on income production. IYLD was launched on Apr 5, 2012 and is managed by BlackRock.