iShares iBonds 2029 Term High Yield and Income ETF (BATS:IBHI) Stock Price Up 0.6% – Still a Buy?

iShares iBonds 2029 Term High Yield and Income ETF (BATS:IBHI) shares rose 0.6% during mid-day trading on Wednesday . The stock traded as high as $23.51 and last traded at $23.41. Approximately 61,959 shares traded hands during mid-day trading, a decline of 52% from the average daily volume of 129,301 shares. The stock had previously closed at $23.27.

iShares iBonds 2029 Term High Yield and Income ETF Price Performance

The stock has a market capitalization of $173.23 million, a price-to-earnings ratio of 10.62 and a beta of 0.53. The firm’s fifty day moving average is $23.41 and its 200-day moving average is $23.57.

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

Several institutional investors have recently added to or reduced their stakes in the stock. High Note Wealth LLC bought a new stake in iShares iBonds 2029 Term High Yield and Income ETF during the fourth quarter valued at $65,000. Captrust Financial Advisors increased its stake 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 valued at $383,000 after purchasing an additional 3,750 shares during the last quarter. Integrated Wealth Concepts LLC increased its stake in iShares iBonds 2029 Term High Yield and Income ETF by 7.5% during the third quarter. Integrated Wealth Concepts LLC now owns 74,342 shares of the company’s stock valued at $1,773,000 after purchasing an additional 5,200 shares during the last quarter. Reliant Wealth Planning bought a new stake in iShares iBonds 2029 Term High Yield and Income ETF during the third quarter valued at $201,000. Finally, NewEdge Advisors LLC increased its stake in 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 purchasing an additional 135,322 shares during the last quarter.

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.