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

iShares iBonds 2029 Term High Yield and Income ETF (BATS:IBHI) shot up 0.3% during mid-day trading on Thursday . The company traded as high as $23.52 and last traded at $23.50. 140,642 shares were traded during mid-day trading, an increase of 1% from the average session volume of 138,861 shares. The stock had previously closed at $23.43.

iShares iBonds 2029 Term High Yield and Income ETF Stock Performance

The company has a market capitalization of $173.90 million, a P/E ratio of 10.62 and a beta of 0.53. The business’s fifty day simple moving average is $23.36 and its 200-day simple moving average is $23.55.

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

A number of institutional investors and hedge funds have recently bought and sold shares of IBHI. Integrated Wealth Concepts LLC increased its holdings in iShares iBonds 2029 Term High Yield and Income ETF by 7.5% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 74,342 shares of the company’s stock valued at $1,773,000 after acquiring an additional 5,200 shares during the last quarter. NewEdge Advisors LLC grew its stake in shares of iShares iBonds 2029 Term High Yield and Income ETF by 20,719.3% in the 3rd 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 in the last quarter. Reliant Wealth Planning purchased a new position in shares of iShares iBonds 2029 Term High Yield and Income ETF in the 3rd quarter worth $201,000. High Note Wealth LLC purchased a new position in shares of iShares iBonds 2029 Term High Yield and Income ETF in the 4th quarter worth $65,000. Finally, Captrust Financial Advisors grew its stake in shares of iShares iBonds 2029 Term High Yield and Income ETF by 30.1% in the 4th 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.

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.