IYLD Stock Summary and Trading Ideas (iShares Morningstar Multi-Asset Income ETF | BATS:IYLD)

The iShares Morningstar Multi-Asset Income Index Fund seeks to replicate the Morningstar Multi-Asset High Income Index, a broadly diversified index which seeks to deliver high current income while maintaining long term capital appreciation. The Index consists of a comprehensive set of iShares exchange traded funds (ETFs) that collectively target equity, fixed income, and alternative income sources. The goal of the Index is to represent an allocation strategy of 60% fixed income, 20% equity, and 20% alternative income sources.

iShares Morningstar Multi-Asset Income ETF trades on the BATS stock market under the symbol IYLD.

As of April 23, 2024, IYLD stock price climbed to $19.68 with 22,562 million shares trading.

IYLD has a beta of 0.47, meaning it tends to be less sensitive to market movements. IYLD has a correlation of 0.54 to the broad based SPY ETF.

IYLD has a market cap of $117.10 million. This is considered a Micro Cap stock.

In the last 3 years, IYLD stock traded as high as $24.50 and as low as $17.83.

IYLD has underperformed the market in the last year with a return of +8.2%, while the SPY ETF gained +24.3%. In the last 3 month period, IYLD fell short of the market, returning +1.1%, while SPY returned +4.9%. However, in the most recent 2 weeks IYLD has outperformed the stock market by returning -0.7%, while SPY returned -2.5%.

IYLD support price is $19.55 and resistance is $19.73 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that IYLD stock will trade within this expected range on the day.