iShares iBonds 2029 Term High Yield and Income ETF (BATS:IBHI) Stock Price Down 0% – Here’s What Happened

iShares iBonds 2029 Term High Yield and Income ETF (BATS:IBHI)’s stock price were down 0% during mid-day trading on Monday . The stock traded as low as $23.55 and last traded at $23.59. Approximately 91,715 shares traded hands during trading, a decline of 43% from the average daily volume of 159,660 shares. The stock had previously closed at $23.60.

iShares iBonds 2029 Term High Yield and Income ETF Trading Down 0.0%

The firm has a market capitalization of $174.57 million, a PE ratio of 10.62 and a beta of 0.53. The firm’s fifty day moving average price is $23.66 and its 200 day moving average price is $23.66.

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

Institutional investors have recently added to or reduced their stakes in the stock. High Note Wealth LLC acquired a new stake in shares of iShares iBonds 2029 Term High Yield and Income ETF in the fourth quarter valued at about $65,000. Reliant Wealth Planning purchased a new position in iShares iBonds 2029 Term High Yield and Income ETF in the 3rd quarter worth approximately $201,000. Captrust Financial Advisors grew its position in shares of iShares iBonds 2029 Term High Yield and Income ETF by 30.1% in 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 in the last quarter. Integrated Wealth Concepts LLC boosted 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 worth $1,773,000 after buying an additional 5,200 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its stake in 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 worth $17,851,000 after buying an additional 744,858 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.