iShares iBonds 2029 Term High Yield and Income ETF (BATS:IBHI) Shares Up 0.1% – Time to Buy?

iShares iBonds 2029 Term High Yield and Income ETF (BATS:IBHI) shot up 0.1% during mid-day trading on Thursday . The stock traded as high as $23.38 and last traded at $23.36. 69,726 shares were traded during mid-day trading, a decline of 48% from the average session volume of 134,773 shares. The stock had previously closed at $23.34.

iShares iBonds 2029 Term High Yield and Income ETF Trading Down 0.3%

The company’s 50-day simple moving average is $23.38 and its 200-day simple moving average is $23.50. The stock has a market capitalization of $172.35 million, a price-to-earnings ratio of 10.62 and a beta of 0.53.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in IBHI. NewEdge Advisors LLC increased its position in 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 valued at $17,851,000 after acquiring an additional 744,858 shares during the period. Heartland Bank & Trust Co acquired a new stake in shares of iShares iBonds 2029 Term High Yield and Income ETF during the first quarter worth $582,000. Integrated Wealth Concepts LLC increased its position 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 period. McIlrath & Eck LLC increased its position in shares of iShares iBonds 2029 Term High Yield and Income ETF by 101.3% during the first quarter. McIlrath & Eck LLC now owns 17,311 shares of the company’s stock worth $403,000 after buying an additional 8,712 shares during the period. Finally, Reliant Wealth Planning acquired a new stake 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.