iShares iBonds 2029 Term High Yield and Income ETF (BATS:IBHI) Stock Price Cross Above 200-Day Moving Average – Here’s Why

Shares of iShares iBonds 2029 Term High Yield and Income ETF (BATS:IBHI) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $23.45 and traded as high as $23.76. iShares iBonds 2029 Term High Yield and Income ETF shares last traded at $23.71, with a volume of 43,788 shares traded.

iShares iBonds 2029 Term High Yield and Income ETF Stock Performance

The business’s 50-day moving average price is $23.74 and its two-hundred day moving average price is $23.45.

iShares iBonds 2029 Term High Yield and Income ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, September 3rd were issued a $0.1303 dividend. The ex-dividend date was Tuesday, September 3rd. This is an increase 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

Hedge funds have recently added to or reduced their stakes in the business. Lbmc Investment Advisors LLC boosted its holdings in iShares iBonds 2029 Term High Yield and Income ETF by 46.9% in the third quarter. Lbmc Investment Advisors LLC now owns 118,810 shares of the company’s stock worth $2,842,000 after purchasing an additional 37,925 shares during the period. GAMMA Investing LLC boosted its holdings in iShares iBonds 2029 Term High Yield and Income ETF by 73.0% in the third quarter. GAMMA Investing LLC now owns 8,754 shares of the company’s stock worth $209,000 after purchasing an additional 3,693 shares during the period. Integrated Wealth Concepts LLC boosted its holdings in shares of 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 acquiring an additional 4,376 shares during the period. Finally, Flow Traders U.S. LLC acquired a new position in shares of iShares iBonds 2029 Term High Yield and Income ETF during the third quarter valued at $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.