iShares Morningstar Multi-Asset Income ETF (BATS:IYLD) Stock Price Down 0.1% – Here’s Why

iShares Morningstar Multi-Asset Income ETF (BATS:IYLD)’s share price dropped 0.1% during mid-day trading on Friday . The company traded as low as $22.14 and last traded at $22.17. Approximately 33,301 shares changed hands during trading, an increase of 35% from the average daily volume of 24,586 shares. The stock had previously closed at $22.20.

iShares Morningstar Multi-Asset Income ETF Trading Down 0.1%

The company has a market capitalization of $121.94 million, a price-to-earnings ratio of 12.85 and a beta of 0.48. The stock’s fifty day simple moving average is $21.98 and its 200-day simple moving average is $21.75.

Institutional Investors Weigh In On iShares Morningstar Multi-Asset Income ETF

Hedge funds have recently added to or reduced their stakes in the business. Triumph Capital Management acquired a new stake in iShares Morningstar Multi-Asset Income ETF during the 3rd quarter worth approximately $48,000. NewEdge Advisors LLC lifted its holdings in iShares Morningstar Multi-Asset Income ETF by 77.9% during the 1st quarter. NewEdge Advisors LLC now owns 3,484 shares of the company’s stock worth $70,000 after buying an additional 1,526 shares in the last quarter. IFP Advisors Inc lifted its holdings in iShares Morningstar Multi-Asset Income ETF by 923.9% during the 3rd quarter. IFP Advisors Inc now owns 4,106 shares of the company’s stock worth $87,000 after buying an additional 3,705 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in iShares Morningstar Multi-Asset Income ETF by 15.9% during the 3rd quarter. Jones Financial Companies Lllp now owns 6,964 shares of the company’s stock worth $148,000 after buying an additional 954 shares in the last quarter. Finally, IHT Wealth Management LLC lifted its holdings in iShares Morningstar Multi-Asset Income ETF by 5.6% during the 4th quarter. IHT Wealth Management LLC now owns 12,982 shares of the company’s stock worth $278,000 after buying an additional 690 shares in the last quarter.

About iShares Morningstar Multi-Asset Income ETF

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.