iShares Morningstar Multi-Asset Income ETF (BATS:IYLD) Trading Up 2.9% – Should You Buy?

Shares of iShares Morningstar Multi-Asset Income ETF (BATS:IYLD) were up 2.9% during mid-day trading on Thursday . The stock traded as high as $19.67 and last traded at $20.03. Approximately 5,548 shares traded hands during mid-day trading, a decline of 72% from the average daily volume of 20,068 shares. The stock had previously closed at $19.47.

iShares Morningstar Multi-Asset Income ETF Stock Up 3.0 %

The stock’s 50-day simple moving average is $19.87 and its 200 day simple moving average is $20.14. The firm has a market cap of $112.29 million, a P/E ratio of 12.45 and a beta of 0.62.

Institutional Investors Weigh In On iShares Morningstar Multi-Asset Income ETF

Several institutional investors and hedge funds have recently made changes to their positions in IYLD. IHT Wealth Management LLC increased its holdings in iShares Morningstar Multi-Asset Income ETF by 83.9% in the third quarter. IHT Wealth Management LLC now owns 24,726 shares of the company’s stock worth $511,000 after purchasing an additional 11,279 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of iShares Morningstar Multi-Asset Income ETF during the 3rd quarter worth approximately $136,000. Jones Financial Companies Lllp increased its stake in shares of iShares Morningstar Multi-Asset Income ETF by 688.3% in the 4th quarter. Jones Financial Companies Lllp now owns 3,492 shares of the company’s stock valued at $68,000 after acquiring an additional 3,049 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its position in shares of iShares Morningstar Multi-Asset Income ETF by 45.7% during the 4th quarter. Ameriprise Financial Inc. now owns 15,042 shares of the company’s stock valued at $293,000 after acquiring an additional 4,717 shares during the period.

About iShares Morningstar Multi-Asset Income ETF

The iShares Morningstar Multi-Asset Income ETF (IYLD) is an exchange-traded fund that is based on the Morningstar Multi-Asset High Income index. The fund tracks an index of fixed-income, equity, preferred stock and REIT ETFs with a focus on income production. IYLD was launched on Apr 5, 2012 and is managed by BlackRock.