iShares iBonds 2029 Term High Yield and Income ETF (BATS:IBHI) Trading 0.8% Higher – Here’s What Happened

iShares iBonds 2029 Term High Yield and Income ETF (BATS:IBHI)’s share price shot up 0.8% on Friday . The stock traded as high as $23.62 and last traded at $23.7550. 440,295 shares changed hands during mid-day trading, an increase of 788% from the average session volume of 49,598 shares. The stock had previously closed at $23.57.

iShares iBonds 2029 Term High Yield and Income ETF Trading Up 0.8%

The firm has a market capitalization of $175.79 million, a P/E ratio of 10.62 and a beta of 0.53. The company has a 50-day moving average of $23.67 and a 200-day moving average of $23.66.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC increased its position in shares of iShares iBonds 2029 Term High Yield and Income ETF by 20,719.3% during the third quarter. NewEdge Advisors LLC now owns 748,453 shares of the company’s stock valued at $17,851,000 after buying an additional 744,858 shares during the period. Lbmc Investment Advisors LLC grew its stake in iShares iBonds 2029 Term High Yield and Income ETF by 84.4% during the third quarter. Lbmc Investment Advisors LLC now owns 943,906 shares of the company’s stock valued at $22,512,000 after acquiring an additional 432,027 shares in the last quarter. Reliant Wealth Planning purchased a new position in iShares iBonds 2029 Term High Yield and Income ETF during the third quarter valued at approximately $201,000. Finally, Integrated Wealth Concepts LLC increased its holdings in iShares iBonds 2029 Term High Yield and Income ETF by 7.5% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 74,342 shares of the company’s stock worth $1,773,000 after acquiring an additional 5,200 shares during the period.

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.