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

iShares iBonds 2029 Term High Yield and Income ETF (BATS:IBHI) shares shot up 0.6% on Thursday . The stock traded as high as $23.62 and last traded at $23.7210. 440,295 shares were traded 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 Stock Up 0.7%

The company’s 50-day moving average is $23.61 and its two-hundred day moving average is $23.64. The company has a market capitalization of $175.57 million, a P/E ratio of 10.62 and a beta of 0.53.

Hedge Funds Weigh In On iShares iBonds 2029 Term High Yield and Income ETF

A number of institutional investors have recently bought and sold shares of IBHI. Reliant Wealth Planning purchased a new stake in iShares iBonds 2029 Term High Yield and Income ETF in the third quarter worth about $201,000. Integrated Wealth Concepts LLC lifted its holdings in iShares iBonds 2029 Term High Yield and Income ETF by 7.5% in the third 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 period. Lbmc Investment Advisors LLC boosted its holdings in shares of iShares iBonds 2029 Term High Yield and Income ETF by 10.5% in the second quarter. Lbmc Investment Advisors LLC now owns 511,879 shares of the company’s stock worth $12,126,000 after buying an additional 48,631 shares during the last quarter. Finally, NewEdge Advisors LLC grew its position in shares of iShares iBonds 2029 Term High Yield and Income ETF by 20,719.3% during the 3rd quarter. NewEdge Advisors LLC now owns 748,453 shares of the company’s stock valued at $17,851,000 after acquiring an additional 744,858 shares during the period.

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.