iShares Morningstar Multi-Asset Income ETF (BATS:IYLD) Trading Up 0.5% – Time to Buy?

iShares Morningstar Multi-Asset Income ETF (BATS:IYLDGet Free Report)’s share price rose 0.5% during trading on Thursday . The company traded as high as $22.0890 and last traded at $22.08. Approximately 32,736 shares traded hands during mid-day trading, an increase of 35% from the average daily volume of 24,333 shares. The stock had previously closed at $21.96.

iShares Morningstar Multi-Asset Income ETF Stock Performance

The stock has a market cap of $122.47 million, a P/E ratio of 12.85 and a beta of 0.48. The firm has a 50 day moving average of $21.71 and a two-hundred day moving average of $21.30.

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

Institutional investors and hedge funds have recently bought and sold shares of the stock. Jones Financial Companies Lllp boosted its holdings in iShares Morningstar Multi-Asset Income ETF by 15.9% in the 3rd quarter. Jones Financial Companies Lllp now owns 6,964 shares of the company’s stock valued at $148,000 after purchasing an additional 954 shares during the period. IFP Advisors Inc lifted its stake in shares of iShares Morningstar Multi-Asset Income ETF by 923.9% in the third quarter. IFP Advisors Inc now owns 4,106 shares of the company’s stock valued at $87,000 after buying an additional 3,705 shares during the period. NewEdge Advisors LLC lifted its stake in shares of 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 buying an additional 1,526 shares during the period. Finally, Triumph Capital Management acquired a new stake in iShares Morningstar Multi-Asset Income ETF during the third quarter worth about $48,000.

iShares Morningstar Multi-Asset Income ETF Company Profile

(Get Free Report)

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.

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