iShares iBonds 2029 Term High Yield and Income ETF (BATS:IBHI) Shares Climb 0.1% – Still a Buy?

iShares iBonds 2029 Term High Yield and Income ETF (BATS:IBHI) rose 0.1% on Wednesday. The stock traded as high as $22.85 and last traded at $22.81. 42,742 shares were traded during trading, a decline of 66% from the average session volume of 126,718 shares. The stock had previously closed at $22.79.

iShares iBonds 2029 Term High Yield and Income ETF Stock Up 0.1%

The firm has a market cap of $168.79 million, a P/E ratio of 10.62 and a beta of 0.53. The stock’s 50-day moving average is $23.07 and its 200-day moving average is $23.26.

Hedge Funds Weigh In On iShares iBonds 2029 Term High Yield and Income ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Heartland Bank & Trust Co acquired a new position in iShares iBonds 2029 Term High Yield and Income ETF during the 2nd quarter valued at about $3,253,000. Bullock Wealth Management Group grew its stake in shares of iShares iBonds 2029 Term High Yield and Income ETF by 5.0% during the third quarter. Bullock Wealth Management Group now owns 37,800 shares of the company’s stock worth $858,000 after purchasing an additional 1,805 shares during the period. McIlrath & Eck LLC increased its holdings in iShares iBonds 2029 Term High Yield and Income ETF by 101.3% in the first quarter. McIlrath & Eck LLC now owns 17,311 shares of the company’s stock valued at $403,000 after purchasing an additional 8,712 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in iShares iBonds 2029 Term High Yield and Income ETF by 11.0% during the third quarter. GAMMA Investing LLC now owns 14,129 shares of the company’s stock worth $323,000 after buying an additional 1,404 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.