iShares iBonds 2029 Term High Yield and Income ETF Sees Minor Gains – Future Outlook

The iShares iBonds 2029 Term High Yield and Income ETF (BATS:IBHI) experienced a slight increase of 0.4% in trading on Tuesday. The ETF reached a peak trading price of $23.62 and concluded the day at $23.60, with a total volume of 51,896 shares changing hands. This marks an uptick from its previous close of $23.50.

Performance Overview of iShares iBonds 2029 Term High Yield and Income ETF

In terms of stock performance, the iShares iBonds ETF has a 50-day simple moving average of $23.73 and a 200-day simple moving average of $23.38, indicating stability in its price movements.

Recent Dividend Announcement

Furthermore, the ETF recently announced an increase in its dividend, which was distributed on Friday, September 6th. Shareholders who were on record as of Tuesday, September 3rd, received a dividend of $0.1303 per share. This payout represents an increase from the prior dividend of $0.13.

Institutional Investment Activity

Notably, institutional interest is also on the rise. GAMMA Investing LLC has recently amplified its investment in the iShares iBonds 2029 Term High Yield and Income ETF. During the third quarter, the hedge fund raised its position by 73.0%, owning a total of 8,754 shares after acquiring an additional 3,693 shares. By the end of the latest reporting period, the firm held approximately 0.49% of the ETF valued at around $209,000.

About iShares iBonds 2029 Term High Yield and Income ETF

This exchange-traded fund primarily focuses on high-yield fixed income investments. It tracks an index composed of USD-denominated, high-yield and BBB-rated corporate bonds set to mature in 2029. Notably, the ETF is scheduled to terminate in December 2029.

Further Information

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iShares, ETF, Dividend