First Citizens Asset Management Inc. Buys Shares of 13,661 iShares High Yield Systematic Bond ETF $HYDB

First Citizens Asset Management Inc. acquired a new position in shares of iShares High Yield Systematic Bond ETF (BATS:HYDB) in the first quarter, Holdings Channel reports. The firm acquired 13,661 shares of the company’s stock, valued at approximately $636,000. iShares High Yield Systematic Bond ETF accounts for about 0.2% of First Citizens Asset Management Inc.’s holdings, making the stock its 18th largest holding.

Other institutional investors also recently added to or reduced their stakes in the company. Northland Securities Inc. purchased a new stake in shares of iShares High Yield Systematic Bond ETF during the fourth quarter valued at about $236,000. Flagship Harbor Advisors LLC purchased a new position in shares of iShares High Yield Systematic Bond ETF in the 4th quarter worth approximately $268,000. NBT Bank N A NY raised its stake in shares of iShares High Yield Systematic Bond ETF by 10.0% during the 4th quarter. NBT Bank N A NY now owns 10,660 shares of the company’s stock worth $505,000 after acquiring an additional 965 shares in the last quarter. Farther Finance Advisors LLC raised its stake in shares of iShares High Yield Systematic Bond ETF by 178.1% during the 4th quarter. Farther Finance Advisors LLC now owns 15,149 shares of the company’s stock worth $717,000 after acquiring an additional 9,701 shares in the last quarter. Finally, Arkadios Wealth Advisors lifted its position in iShares High Yield Systematic Bond ETF by 4.0% during the fourth quarter. Arkadios Wealth Advisors now owns 20,814 shares of the company’s stock valued at $986,000 after acquiring an additional 791 shares during the last quarter.

iShares High Yield Systematic Bond ETF Price Performance

iShares High Yield Systematic Bond ETF stock opened at $46.75 on Tuesday. iShares High Yield Systematic Bond ETF has a 1-year low of $45.96 and a 1-year high of $47.99. The business has a fifty day moving average price of $46.83 and a 200-day moving average price of $47.07.

iShares High Yield Systematic Bond ETF Profile

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.