iShares High Yield Systematic Bond ETF (BATS:HYDB) Shares Down 0% – Here’s Why

iShares High Yield Systematic Bond ETF (BATS:HYDB) shares were down 0% during mid-day trading on Monday . The stock traded as low as $47.11 and last traded at $47.18. Approximately 215,584 shares traded hands during mid-day trading, a decline of 28% from the average daily volume of 300,398 shares. The stock had previously closed at $47.20.

iShares High Yield Systematic Bond ETF Stock Down 0.0%

The company has a 50 day simple moving average of $46.94 and a 200-day simple moving average of $47.24.

Hedge Funds Weigh In On iShares High Yield Systematic Bond ETF

A number of institutional investors have recently modified their holdings of HYDB. Manning & Napier Advisors LLC raised its position in shares of iShares High Yield Systematic Bond ETF by 511.4% during the fourth quarter. Manning & Napier Advisors LLC now owns 121,945 shares of the company’s stock worth $5,779,000 after purchasing an additional 101,999 shares during the period. Ameriprise Financial Inc. raised its position in shares of iShares High Yield Systematic Bond ETF by 12.8% during 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 period. JPMorgan Chase & Co. raised its position in shares of iShares High Yield Systematic Bond ETF by 22.9% during the third quarter. JPMorgan Chase & Co. now owns 277,216 shares of the company’s stock worth $13,263,000 after purchasing an additional 51,671 shares during the period. BlueStem Wealth Partners LLC raised its position in shares of iShares High Yield Systematic Bond ETF by 14.1% during the third quarter. BlueStem Wealth Partners LLC now owns 262,857 shares of the company’s stock worth $12,576,000 after purchasing an additional 32,529 shares during the period. Finally, BNP Paribas Financial Markets acquired a new position in shares of iShares High Yield Systematic Bond ETF during the third quarter worth approximately $1,550,000.

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.