iShares High Yield Systematic Bond ETF (BATS:HYDB) Reaches New 1-Year Low – Time to Sell?

iShares High Yield Systematic Bond ETF (BATS:HYDB) shares reached a new 52-week low on Thursday . The stock traded as low as $45.94 and last traded at $45.9350, with a volume of 88212 shares changing hands. The stock had previously closed at $46.13.

iShares High Yield Systematic Bond ETF Stock Performance

The business’s fifty day moving average is $46.40 and its 200-day moving average is $46.65.

Institutional Investors Weigh In On iShares High Yield Systematic Bond ETF

Hedge funds have recently modified their holdings of the stock. Continuum Advisory LLC bought a new position in iShares High Yield Systematic Bond ETF during the second quarter valued at $121,000. Atlantic Private Wealth LLC purchased a new position in shares of iShares High Yield Systematic Bond ETF during the 2nd quarter valued at $126,000. DMC Group LLC purchased a new position in shares of iShares High Yield Systematic Bond ETF during the 2nd quarter valued at $270,000. Operose Advisors LLC bought a new position in shares of iShares High Yield Systematic Bond ETF during the 2nd quarter worth $365,000. Finally, NBT Bank N A NY grew its stake in shares of iShares High Yield Systematic Bond ETF by 13.3% during the 1st quarter. NBT Bank N A NY now owns 12,080 shares of the company’s stock worth $562,000 after acquiring an additional 1,420 shares during the period.

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.