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) passed 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 changing hands.

iShares iBonds 2029 Term High Yield and Income ETF Price Performance

The firm’s 50-day moving average is $23.74 and its 200 day moving average is $23.45.

iShares iBonds 2029 Term High Yield and Income ETF Increases Dividend

The business also recently announced a dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, September 3rd were given a $0.1303 dividend. The ex-dividend date was Tuesday, September 3rd. This is a boost from iShares iBonds 2029 Term High Yield and Income ETF’s previous dividend of $0.13.

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

Several hedge funds have recently modified their holdings of the stock. Integrated Wealth Concepts LLC boosted its position in shares of iShares iBonds 2029 Term High Yield and Income ETF by 13.6% in the third quarter. Integrated Wealth Concepts LLC now owns 36,461 shares of the company’s stock worth $872,000 after acquiring an additional 4,376 shares during the last quarter. Flow Traders U.S. LLC acquired a new stake in shares of iShares iBonds 2029 Term High Yield and Income ETF in the third quarter worth approximately $263,000. Lbmc Investment Advisors LLC boosted its position in shares of 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 acquiring an additional 37,925 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of 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 acquiring an additional 3,693 shares during 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.