iShares High Yield Systematic Bond ETF (BATS:HYDB) Shares Down 0.1% – Here’s What Happened

iShares High Yield Systematic Bond ETF (BATS:HYDB)’s share price fell 0.1% on Friday . The company traded as low as $46.47 and last traded at $46.50. 109,282 shares changed hands during mid-day trading, a decline of 55% from the average session volume of 242,549 shares. The stock had previously closed at $46.53.

iShares High Yield Systematic Bond ETF Price Performance

The company’s 50 day simple moving average is $46.53 and its 200-day simple moving average is $46.81.

Hedge Funds Weigh In On iShares High Yield Systematic Bond ETF

Several hedge funds have recently bought and sold shares of the business. Royal Bank of Canada increased its stake in iShares High Yield Systematic Bond ETF by 27.9% in the first quarter. Royal Bank of Canada now owns 23,331 shares of the company’s stock worth $1,099,000 after purchasing an additional 5,084 shares during the period. Ameriprise Financial Inc. grew its holdings in shares of iShares High Yield Systematic Bond ETF by 12.8% in the second quarter. Ameriprise Financial Inc. now owns 853,852 shares of the company’s stock worth $40,537,000 after purchasing an additional 96,669 shares during the last quarter. BNP Paribas Financial Markets purchased a new position in iShares High Yield Systematic Bond ETF in the 3rd quarter worth about $1,550,000. United Capital Financial Advisors LLC lifted its holdings in iShares High Yield Systematic Bond ETF by 1.1% during the 3rd quarter. United Capital Financial Advisors LLC now owns 49,891 shares of the company’s stock valued at $2,387,000 after buying an additional 562 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its holdings in iShares High Yield Systematic Bond ETF by 5.8% during the 3rd quarter. NewEdge Advisors LLC now owns 44,522 shares of the company’s stock valued at $2,130,000 after buying an additional 2,449 shares in the last quarter.

iShares High Yield Systematic Bond ETF Company 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.