iShares Morningstar Multi-Asset Income ETF (BATS:IYLD) Trading 0.1% Higher – Time to Buy?

Shares of iShares Morningstar Multi-Asset Income ETF (BATS:IYLD) shot up 0.1% on Friday . The stock traded as high as $22.18 and last traded at $22.16. 13,928 shares traded hands during trading, a decline of 44% from the average session volume of 24,754 shares. The stock had previously closed at $22.13.

iShares Morningstar Multi-Asset Income ETF Stock Up 0.1%

The firm has a 50-day moving average of $21.97 and a two-hundred day moving average of $21.84. The company has a market capitalization of $121.88 million, a PE ratio of 12.85 and a beta of 0.48.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. IHT Wealth Management LLC raised its position in iShares Morningstar Multi-Asset Income ETF by 5.6% during the fourth quarter. IHT Wealth Management LLC now owns 12,982 shares of the company’s stock valued at $278,000 after acquiring an additional 690 shares in the last quarter. Triumph Capital Management purchased a new position in iShares Morningstar Multi-Asset Income ETF during the third quarter valued at approximately $48,000. IFP Advisors Inc raised its position in iShares Morningstar Multi-Asset Income ETF by 923.9% during the third quarter. IFP Advisors Inc now owns 4,106 shares of the company’s stock valued at $87,000 after acquiring an additional 3,705 shares in the last quarter. Jones Financial Companies Lllp raised its position in iShares Morningstar Multi-Asset Income ETF by 15.9% during the third quarter. Jones Financial Companies Lllp now owns 6,964 shares of the company’s stock valued at $148,000 after acquiring an additional 954 shares in the last quarter. Finally, NewEdge Advisors LLC raised its position in iShares Morningstar Multi-Asset Income ETF by 77.9% during the first quarter. NewEdge Advisors LLC now owns 3,484 shares of the company’s stock valued at $70,000 after acquiring an additional 1,526 shares in the last quarter.

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.