iShares High Yield Systematic Bond ETF (BATS:HYDB) Shares Down 0.2% – Here’s Why

iShares High Yield Systematic Bond ETF (BATS:HYDB)’s share price traded down 0.2% during mid-day trading on Friday . The stock traded as low as $47.49 and last traded at $47.52. 106,668 shares were traded during trading, a decline of 53% from the average session volume of 228,176 shares. The stock had previously closed at $47.61.

iShares High Yield Systematic Bond ETF Price Performance

The company’s 50 day moving average is $47.53 and its 200 day moving average is $47.48.

Institutional Investors Weigh In On iShares High Yield Systematic Bond ETF

Hedge funds have recently modified their holdings of the company. CoreCap Advisors LLC increased its holdings in iShares High Yield Systematic Bond ETF by 488.6% in the 3rd quarter. CoreCap Advisors LLC now owns 518 shares of the company’s stock worth $25,000 after purchasing an additional 430 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in iShares High Yield Systematic Bond ETF by 36.7% in the 2nd quarter. PNC Financial Services Group Inc. now owns 1,434 shares of the company’s stock valued at $68,000 after buying an additional 385 shares during the last quarter. Northland Securities Inc. acquired a new stake in iShares High Yield Systematic Bond ETF during the 4th quarter worth approximately $236,000. Flagship Harbor Advisors LLC acquired a new stake in iShares High Yield Systematic Bond ETF during the 4th quarter worth approximately $268,000. Finally, NBT Bank N A NY grew its holdings in iShares High Yield Systematic Bond ETF by 7.2% during the 3rd quarter. NBT Bank N A NY now owns 9,695 shares of the company’s stock worth $464,000 after acquiring an additional 650 shares during the last quarter.

About iShares High Yield Systematic Bond ETF

The iShares High Yield Bond Factor ETF (HYDB) is an exchange-traded fund that is based on the BlackRock High Yield Defensive Bond index. The fund tracks a broad-maturity, multifactor index of high-yield bonds. The index selects and weights bonds based on default probability, default-adjusted spreads, and volatility. HYDB was launched on Jul 11, 2017 and is managed by BlackRock.