iShares iBonds 2029 Term High Yield and Income ETF (BATS:IBHI) Stock Price Up 0.4% – Here’s Why

iShares iBonds 2029 Term High Yield and Income ETF (BATS:IBHI)’s stock price rose 0.4% during trading on Tuesday . The stock traded as high as $23.62 and last traded at $23.60. Approximately 51,896 shares were traded during trading, The stock had previously closed at $23.50.

iShares iBonds 2029 Term High Yield and Income ETF Trading Up 0.4 %

The business has a 50-day moving average price of $23.73 and a two-hundred day moving average price of $23.38.

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. Shareholders of record on Tuesday, September 3rd were given a $0.1303 dividend. The ex-dividend date was Tuesday, September 3rd. This is a positive change from iShares iBonds 2029 Term High Yield and Income ETF’s previous dividend of $0.13.

Institutional Inflows and Outflows

An institutional investor recently raised its position in iShares iBonds 2029 Term High Yield and Income ETF stock. Lbmc Investment Advisors LLC grew its holdings in shares of iShares iBonds 2029 Term High Yield and Income ETF (BATS:IBHI) by 46.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 118,810 shares of the company’s stock after purchasing an additional 37,925 shares during the period. Lbmc Investment Advisors LLC owned approximately 6.60% of iShares iBonds 2029 Term High Yield and Income ETF worth $2,842,000 at the end of the most recent reporting period.

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.