iShares Morningstar Multi-Asset Income ETF (BATS:IYLD) Shares Up 0.5% – Still a Buy?

iShares Morningstar Multi-Asset Income ETF (BATS:IYLD)’s share price shot up 0.5% during trading on Thursday . The company traded as high as $22.0890 and last traded at $22.08. 32,736 shares were traded during trading, an increase of 35% from the average session volume of 24,333 shares. The stock had previously closed at $21.96.

iShares Morningstar Multi-Asset Income ETF Trading Up 0.5%

The business’s fifty day moving average is $21.70 and its 200 day moving average is $21.29. The company has a market cap of $121.44 million, a P/E ratio of 12.85 and a beta of 0.48.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. IFP Advisors Inc lifted its stake in iShares Morningstar Multi-Asset Income ETF by 923.9% in the third quarter. IFP Advisors Inc now owns 4,106 shares of the company’s stock worth $87,000 after acquiring an additional 3,705 shares during the period. Triumph Capital Management purchased a new position in iShares Morningstar Multi-Asset Income ETF in the third quarter worth about $48,000. NewEdge Advisors LLC raised its holdings in iShares Morningstar Multi-Asset Income ETF by 77.9% in the 1st quarter. NewEdge Advisors LLC now owns 3,484 shares of the company’s stock worth $70,000 after purchasing an additional 1,526 shares during the period. Finally, Jones Financial Companies Lllp boosted its position in shares of iShares Morningstar Multi-Asset Income ETF by 15.9% in the third quarter. Jones Financial Companies Lllp now owns 6,964 shares of the company’s stock worth $148,000 after purchasing an additional 954 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.