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

iShares High Yield Systematic Bond ETF (BATS:HYDB) shares were down 0.1% during mid-day trading on Friday . The company traded as low as $46.47 and last traded at $46.50. 109,282 shares were traded during 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 Stock Performance

The stock’s 50-day moving average is $46.53 and its two-hundred day moving average is $46.81.

Institutional Investors Weigh In On iShares High Yield Systematic Bond ETF

A number of hedge funds have recently made changes to their positions in HYDB. NBT Bank N A NY increased its stake in iShares High Yield Systematic Bond ETF by 13.3% in 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 last quarter. First Citizens Asset Management Inc. purchased a new position in shares of iShares High Yield Systematic Bond ETF in the first quarter valued at $636,000. Farther Finance Advisors LLC increased its position in iShares High Yield Systematic Bond ETF by 178.1% in the fourth quarter. Farther Finance Advisors LLC now owns 15,149 shares of the company’s stock worth $717,000 after purchasing an additional 9,701 shares during the last quarter. Arkadios Wealth Advisors increased its position in iShares High Yield Systematic Bond ETF by 4.0% in the fourth quarter. Arkadios Wealth Advisors now owns 20,814 shares of the company’s stock worth $986,000 after purchasing an additional 791 shares during the last quarter. Finally, Royal Bank of Canada raised its stake in iShares High Yield Systematic Bond ETF by 27.9% during the first quarter. Royal Bank of Canada now owns 23,331 shares of the company’s stock valued at $1,099,000 after purchasing an additional 5,084 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.