iShares iBonds 2029 Term High Yield and Income ETF (BATS:IBHI) Trading Down 3.6% – Should You Sell?

iShares iBonds 2029 Term High Yield and Income ETF (BATS:IBHI) shares traded down 3.6% during mid-day trading on Tuesday . The company traded as low as $23.47 and last traded at $22.66. 17,514 shares traded hands during mid-day trading, a decline of 59% from the average session volume of 43,167 shares. The stock had previously closed at $23.51.

iShares iBonds 2029 Term High Yield and Income ETF Stock Performance

The company has a market capitalization of $156.32 million, a PE ratio of 10.24 and a beta of 0.54. The company has a 50 day moving average price of $23.27 and a 200 day moving average price of $23.52.

iShares iBonds 2029 Term High Yield and Income ETF Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were issued a $0.1402 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This is a boost from iShares iBonds 2029 Term High Yield and Income ETF’s previous dividend of $0.13.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. bought a new position in shares of iShares iBonds 2029 Term High Yield and Income ETF during the third quarter worth about $1,672,000. Lbmc Investment Advisors LLC lifted its holdings in iShares iBonds 2029 Term High Yield and Income ETF by 141.7% during the 4th quarter. Lbmc Investment Advisors LLC now owns 287,115 shares of the company’s stock worth $6,733,000 after buying an additional 168,305 shares during the last quarter. GAMMA Investing LLC grew its position in shares of iShares iBonds 2029 Term High Yield and Income ETF by 2,262.1% in the 1st quarter. GAMMA Investing LLC now owns 202,386 shares of the company’s stock worth $4,699,000 after acquiring an additional 193,818 shares in the last quarter. Captrust Financial Advisors bought a new stake in shares of iShares iBonds 2029 Term High Yield and Income ETF in the 4th quarter valued at approximately $346,000. Finally, NewEdge Advisors LLC raised its position in shares of iShares iBonds 2029 Term High Yield and Income ETF by 35.6% during the 4th quarter. NewEdge Advisors LLC now owns 3,595 shares of the company’s stock valued at $84,000 after acquiring an additional 943 shares in 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.