iShares iBonds 2029 Term High Yield and Income ETF (BATS:IBHI) Stock Price Down 0.2% – Here’s What Happened

iShares iBonds 2029 Term High Yield and Income ETF (BATS:IBHI)’s share price fell 0.2% during trading on Monday . The company traded as low as $23.47 and last traded at $23.47. 17,514 shares were traded during mid-day trading, a decline of 56% from the average session volume of 39,392 shares. The stock had previously closed at $23.51.

iShares iBonds 2029 Term High Yield and Income ETF Price Performance

The firm has a market capitalization of $147.86 million, a P/E ratio of 10.80 and a beta of 0.55. The company has a fifty day moving average of $23.58 and a 200 day moving average of $23.64.

iShares iBonds 2029 Term High Yield and Income ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.1402 per share. This is an increase from iShares iBonds 2029 Term High Yield and Income ETF’s previous dividend of $0.13. The ex-dividend date of this dividend was Monday, March 3rd.

Institutional Investors Weigh In On iShares iBonds 2029 Term High Yield and Income ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. purchased a new stake in shares of iShares iBonds 2029 Term High Yield and Income ETF during the 3rd quarter worth about $1,672,000. Flow Traders U.S. LLC acquired a new position in iShares iBonds 2029 Term High Yield and Income ETF during the third quarter valued at approximately $263,000. Lbmc Investment Advisors LLC lifted its position in iShares iBonds 2029 Term High Yield and Income ETF by 141.7% during the fourth quarter. Lbmc Investment Advisors LLC now owns 287,115 shares of the company’s stock valued at $6,733,000 after buying an additional 168,305 shares in the last quarter. Captrust Financial Advisors purchased a new stake in iShares iBonds 2029 Term High Yield and Income ETF during the fourth quarter worth approximately $346,000. Finally, NewEdge Advisors LLC increased its position in shares of iShares iBonds 2029 Term High Yield and Income ETF by 35.6% in the fourth quarter. NewEdge Advisors LLC now owns 3,595 shares of the company’s stock worth $84,000 after acquiring an additional 943 shares in 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.