iShares High Yield Systematic Bond ETF (BATS:HYDB) Hits New 1-Year Low – Should You Sell?

iShares High Yield Systematic Bond ETF (BATS:HYDB – Get Free Report) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $45.75 and last traded at $45.7240, with a volume of 13992 shares. The stock had previously closed at $45.95.

iShares High Yield Systematic Bond ETF Trading Down 0.7%

The company’s 50-day moving average is $46.31 and its two-hundred day moving average is $46.57.

Institutional Trading of iShares High Yield Systematic Bond ETF

A number of institutional investors and hedge funds have recently modified their holdings of the business. Wellington Altus USA Inc. grew its stake in shares of iShares High Yield Systematic Bond ETF by 44.0% during the 2nd quarter. Wellington Altus USA Inc. now owns 2,492 shares of the company’s stock valued at $117,000 after acquiring an additional 761 shares during the period. Continuum Advisory LLC bought a new stake in iShares High Yield Systematic Bond ETF during the 2nd quarter worth approximately $121,000. NBT Bank N A NY lifted its holdings in iShares High Yield Systematic Bond ETF by 13.3% during the first quarter. NBT Bank N A NY now owns 12,080 shares of the company’s stock valued at $562,000 after purchasing an additional 1,420 shares in the last quarter. Arkadios Wealth Advisors lifted its holdings in iShares High Yield Systematic Bond ETF by 9.4% during the first quarter. Arkadios Wealth Advisors now owns 22,767 shares of the company’s stock valued at $1,059,000 after purchasing an additional 1,953 shares in the last quarter. Finally, Tidemark LLC lifted its holdings in iShares High Yield Systematic Bond ETF by 9.8% during the fourth quarter. Tidemark LLC now owns 26,395 shares of the company’s stock valued at $1,250,000 after purchasing an additional 2,353 shares in the last quarter.

iShares High Yield Systematic Bond ETF Company Profile

(Get Free Report)

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.

Further Reading

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