iShares Morningstar Multi-Asset Income ETF (BATS:IYLD) Trading Up 2.9% – Here’s What Happened

iShares Morningstar Multi-Asset Income ETF (BATS:IYLD) shares rose 2.9% on Thursday . The company traded as high as $19.67 and last traded at $20.03. Approximately 5,548 shares traded hands during mid-day trading, a decline of 72% from the average daily volume of 20,068 shares. The stock had previously closed at $19.47.

iShares Morningstar Multi-Asset Income ETF Stock Performance

The firm has a fifty day simple moving average of $19.87 and a 200-day simple moving average of $20.14. The firm has a market cap of $112.29 million, a price-to-earnings ratio of 12.45 and a beta of 0.62.

Institutional Trading of iShares Morningstar Multi-Asset Income ETF

A number of hedge funds have recently modified their holdings of the stock. Jones Financial Companies Lllp raised its holdings in iShares Morningstar Multi-Asset Income ETF by 688.3% in the 4th quarter. Jones Financial Companies Lllp now owns 3,492 shares of the company’s stock valued at $68,000 after acquiring an additional 3,049 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in shares of iShares Morningstar Multi-Asset Income ETF in the third quarter valued at approximately $136,000. Ameriprise Financial Inc. increased its stake in shares of iShares Morningstar Multi-Asset Income ETF by 45.7% during the fourth quarter. Ameriprise Financial Inc. now owns 15,042 shares of the company’s stock worth $293,000 after purchasing an additional 4,717 shares during the period. Finally, IHT Wealth Management LLC increased its stake in shares of iShares Morningstar Multi-Asset Income ETF by 83.9% during the third quarter. IHT Wealth Management LLC now owns 24,726 shares of the company’s stock worth $511,000 after purchasing an additional 11,279 shares during the period.

iShares Morningstar Multi-Asset Income ETF Company Profile

The iShares Morningstar Multi-Asset Income ETF (IYLD) is an exchange-traded fund that is based on the Morningstar Multi-Asset High Income index. The fund tracks an index of fixed-income, equity, preferred stock and REIT ETFs with a focus on income production. IYLD was launched on Apr 5, 2012 and is managed by BlackRock.