iShares Morningstar Multi-Asset Income ETF (BATS:IYLD) Stock Price Down 0.2% – Here’s Why

iShares Morningstar Multi-Asset Income ETF (BATS:IYLD) traded down 0.2% during mid-day trading on Friday . The company traded as low as $19.51 and last traded at $19.55. 24,338 shares traded hands during mid-day trading, The stock had previously closed at $19.59.

iShares Morningstar Multi-Asset Income ETF Stock Performance

The company’s 50-day simple moving average is $19.94 and its 200-day simple moving average is $20.15. The company has a market capitalization of $116.32 million, a PE ratio of 5.38 and a beta of 0.40.

iShares Morningstar Multi-Asset Income ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, November 7th. Investors of record on Monday, November 4th were issued a dividend of $0.062 per share. The ex-dividend date was Monday, November 4th.

Institutional Inflows and Outflows

An institutional investor recently raised its position in iShares Morningstar Multi-Asset Income ETF stock. IHT Wealth Management LLC increased its holdings in shares of iShares Morningstar Multi-Asset Income ETF (BATS:IYLD) by 83.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 24,726 shares of the company’s stock after acquiring an additional 11,279 shares during the period. IHT Wealth Management LLC owned approximately 0.42% of iShares Morningstar Multi-Asset Income ETF worth $511,000 as of its most recent SEC filing.

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.