iShares iBonds 2029 Term High Yield and Income ETF (BATS:IBHI) Stock Pass Above Two Hundred Day Moving Average – Should You Sell?

iShares iBonds 2029 Term High Yield and Income ETF (BATS:IBHI) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $23.48 and traded as high as $23.93. iShares iBonds 2029 Term High Yield and Income ETF shares last traded at $23.84, with a volume of 8,141 shares traded.

iShares iBonds 2029 Term High Yield and Income ETF Stock Up 0.2 %

The firm’s 50-day moving average price is $23.73 and its 200-day moving average price is $23.48.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in IBHI. GAMMA Investing LLC grew its stake in shares of iShares iBonds 2029 Term High Yield and Income ETF by 1,532.6% in the second quarter. GAMMA Investing LLC now owns 5,061 shares of the company’s stock valued at $117,000 after buying an additional 4,751 shares in the last quarter. Flow Traders U.S. LLC purchased a new stake in shares of iShares iBonds 2029 Term High Yield and Income ETF during the third quarter valued at approximately $263,000. Integrated Wealth Concepts LLC lifted its position 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 worth $872,000 after purchasing an additional 4,376 shares in the last quarter. Finally, Lbmc Investment Advisors LLC purchased a new position in shares of iShares iBonds 2029 Term High Yield and Income ETF in the second quarter valued at $1,871,000.

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.