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)’s stock price 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 changed 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 Trading Down 3.6 %

The business has a 50 day simple moving average of $23.27 and a 200-day simple moving average of $23.52. The stock has a market capitalization of $156.32 million, a price-to-earnings ratio of 10.24 and a beta of 0.54.

iShares iBonds 2029 Term High Yield and Income ETF Increases Dividend

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

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

A number of large investors have recently bought and sold shares of IBHI. GAMMA Investing LLC grew its stake in shares of iShares iBonds 2029 Term High Yield and Income ETF by 2,262.1% during the 1st quarter. GAMMA Investing LLC now owns 202,386 shares of the company’s stock valued at $4,699,000 after buying an additional 193,818 shares during the period. Lbmc Investment Advisors LLC boosted its holdings in iShares iBonds 2029 Term High Yield and Income ETF by 61.3% in the first quarter. Lbmc Investment Advisors LLC now owns 463,248 shares of the company’s stock valued at $10,757,000 after acquiring an additional 176,133 shares during the last quarter. JPMorgan Chase & Co. purchased a new stake in iShares iBonds 2029 Term High Yield and Income ETF during the third quarter valued at about $1,672,000. Captrust Financial Advisors acquired a new stake in iShares iBonds 2029 Term High Yield and Income ETF during the fourth quarter worth about $346,000. Finally, NewEdge Advisors LLC raised its holdings in shares of iShares iBonds 2029 Term High Yield and Income ETF by 35.6% in the 4th quarter. NewEdge Advisors LLC now owns 3,595 shares of the company’s stock worth $84,000 after purchasing an additional 943 shares during the period.

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.