iShares iBonds 2029 Term High Yield and Income ETF (BATS:IBHI) Shares Up 0.8% – Should You Buy?

iShares iBonds 2029 Term High Yield and Income ETF (BATS:IBHI) shares were up 0.8% on Friday . The company traded as high as $23.62 and last traded at $23.7550. Approximately 440,295 shares were traded during mid-day trading, an increase of 788% from the average daily volume of 49,598 shares. The stock had previously closed at $23.57.

iShares iBonds 2029 Term High Yield and Income ETF Price Performance

The stock has a market capitalization of $175.79 million, a P/E ratio of 10.62 and a beta of 0.53. The stock’s 50-day simple moving average is $23.67 and its 200 day simple moving average is $23.66.

Institutional Investors Weigh In On iShares iBonds 2029 Term High Yield and Income ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in IBHI. Reliant Wealth Planning acquired a new stake in shares of iShares iBonds 2029 Term High Yield and Income ETF during the 3rd quarter worth approximately $201,000. Integrated Wealth Concepts LLC grew its position in iShares iBonds 2029 Term High Yield and Income ETF by 7.5% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 74,342 shares of the company’s stock worth $1,773,000 after acquiring an additional 5,200 shares during the last quarter. NewEdge Advisors LLC increased its stake in shares of iShares iBonds 2029 Term High Yield and Income ETF by 20,719.3% in the third quarter. NewEdge Advisors LLC now owns 748,453 shares of the company’s stock valued at $17,851,000 after buying an additional 744,858 shares during the period. Finally, Lbmc Investment Advisors LLC raised its stake in shares of iShares iBonds 2029 Term High Yield and Income ETF by 84.4% during the third quarter. Lbmc Investment Advisors LLC now owns 943,906 shares of the company’s stock valued at $22,512,000 after acquiring an additional 432,027 shares during 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. IBHI was launched on Mar 8, 2022 and is managed by BlackRock.