iShares iBonds 2029 Term High Yield and Income ETF (BATS:IBHI) Trading 0.3% Higher – Should You Buy?

Shares of iShares iBonds 2029 Term High Yield and Income ETF (BATS:IBHI) were up 0.3% on Tuesday . The stock traded as high as $23.32 and last traded at $23.30. Approximately 25,375 shares changed hands during trading, a decline of 81% from the average daily volume of 132,333 shares. The stock had previously closed at $23.24.

iShares iBonds 2029 Term High Yield and Income ETF Price Performance

The stock has a 50-day simple moving average of $23.57 and a 200-day simple moving average of $23.63. The stock has a market cap of $172.42 million, a P/E ratio of 10.62 and a beta of 0.53.

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

A number of hedge funds have recently made changes to their positions in the stock. Lbmc Investment Advisors LLC increased its position in iShares iBonds 2029 Term High Yield and Income ETF by 84.4% during the 3rd 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 in the last quarter. NewEdge Advisors LLC boosted its position in iShares iBonds 2029 Term High Yield and Income ETF by 18.1% in 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 in the last quarter. Integrated Wealth Concepts LLC grew its stake in shares of 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 during the last quarter. Captrust Financial Advisors increased its holdings in shares of 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 acquired a new position in shares of iShares iBonds 2029 Term High Yield and Income ETF during the third quarter worth $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.