iShares iBonds 2029 Term High Yield and Income ETF (BATS:IBHI) Trading Down 0.2% – Here’s Why

iShares iBonds 2029 Term High Yield and Income ETF (BATS:IBHI) dropped 0.2% during trading on Monday . The stock traded as low as $23.47 and last traded at $23.47. Approximately 17,514 shares changed hands during mid-day trading, a decline of 56% from the average daily volume of 39,392 shares. The stock had previously closed at $23.51.

iShares iBonds 2029 Term High Yield and Income ETF Trading Down 0.2 %

The firm’s 50-day simple moving average is $23.58 and its 200 day simple moving average is $23.64. The stock has a market cap of $147.86 million, a P/E ratio of 10.80 and a beta of 0.55.

iShares iBonds 2029 Term High Yield and Income ETF Increases Dividend

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Lbmc Investment Advisors LLC lifted its holdings in iShares iBonds 2029 Term High Yield and Income ETF by 141.7% in the fourth quarter. Lbmc Investment Advisors LLC now owns 287,115 shares of the company’s stock worth $6,733,000 after purchasing an additional 168,305 shares during the period. JPMorgan Chase & Co. bought a new stake in shares of iShares iBonds 2029 Term High Yield and Income ETF during the 3rd quarter worth about $1,672,000. Integrated Wealth Concepts LLC lifted its stake in shares of iShares iBonds 2029 Term High Yield and Income ETF by 13.6% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 36,461 shares of the company’s stock worth $872,000 after acquiring an additional 4,376 shares during the period. Captrust Financial Advisors acquired a new stake in shares of iShares iBonds 2029 Term High Yield and Income ETF in the 4th quarter worth approximately $346,000. Finally, Flow Traders U.S. LLC bought a new position in shares of iShares iBonds 2029 Term High Yield and Income ETF in the third quarter valued at approximately $263,000.

iShares iBonds 2029 Term High Yield and Income ETF Company Profile

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.