iShares iBonds 2029 Term High Yield and Income ETF (BATS:IBHI) Trading Up 0.7% – Here’s What Happened

iShares iBonds 2029 Term High Yield and Income ETF (BATS:IBHI)’s share price traded up 0.7% during trading on Monday . The company traded as high as $23.53 and last traded at $23.69. 17,514 shares changed hands during mid-day trading, The stock had previously closed at $23.51.

iShares iBonds 2029 Term High Yield and Income ETF Price Performance

The stock has a 50 day simple moving average of $23.58 and a 200 day simple moving average of $23.66.

iShares iBonds 2029 Term High Yield and Income ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, February 6th. Investors of record on Monday, February 3rd were issued a $0.1318 dividend. 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, February 3rd.

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

A number of hedge funds have recently bought and sold shares of the business. Lbmc Investment Advisors LLC boosted its holdings in shares of iShares iBonds 2029 Term High Yield and Income ETF by 141.7% during the 4th quarter. Lbmc Investment Advisors LLC now owns 287,115 shares of the company’s stock valued at $6,733,000 after acquiring an additional 168,305 shares during the last quarter. JPMorgan Chase & Co. bought a new position in iShares iBonds 2029 Term High Yield and Income ETF during the third quarter valued at approximately $1,672,000. Integrated Wealth Concepts LLC lifted its position in iShares iBonds 2029 Term High Yield and Income ETF by 13.6% during the third quarter. Integrated Wealth Concepts LLC now owns 36,461 shares of the company’s stock valued at $872,000 after purchasing an additional 4,376 shares during the period. Captrust Financial Advisors purchased a new stake in iShares iBonds 2029 Term High Yield and Income ETF in the fourth quarter worth approximately $346,000. Finally, Flow Traders U.S. LLC bought a new stake in iShares iBonds 2029 Term High Yield and Income ETF in the 3rd quarter worth approximately $263,000.

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.