Confluence Investment Management LLC Acquires 2,152,535 Shares of iShares High Yield Systematic Bond ETF $HYDB

Confluence Investment Management LLC bought a new stake in iShares High Yield Systematic Bond ETF (BATS:HYDB) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,152,535 shares of the company’s stock, valued at approximately $96,778,000. iShares High Yield Systematic Bond ETF comprises 1.5% of Confluence Investment Management LLC’s portfolio, making the stock its 19th largest position. Confluence Investment Management LLC owned about 6.88% of iShares High Yield Systematic Bond ETF at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Wellington Altus USA Inc. lifted its holdings in shares of iShares High Yield Systematic Bond ETF by 44.0% in the second quarter. Wellington Altus USA Inc. now owns 2,492 shares of the company’s stock worth $117,000 after acquiring an additional 761 shares during the last quarter. Continuum Advisory LLC acquired a new stake in iShares High Yield Systematic Bond ETF in the second quarter valued at approximately $121,000. NBT Bank N A NY boosted its position in iShares High Yield Systematic Bond ETF by 13.3% in the first quarter. NBT Bank N A NY now owns 12,080 shares of the company’s stock valued at $562,000 after buying an additional 1,420 shares in the last quarter. Arkadios Wealth Advisors increased its holdings in shares of 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 worth $1,059,000 after buying an additional 1,953 shares in the last quarter. Finally, Tidemark LLC increased its holdings in shares of 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 worth $1,250,000 after buying an additional 2,353 shares in the last quarter.

iShares High Yield Systematic Bond ETF Stock Down 0.8%

Shares of HYDB traded down $0.36 during trading hours on Thursday, reaching $44.59. The stock had a trading volume of 74,944 shares, compared to its average volume of 223,714. iShares High Yield Systematic Bond ETF has a 12 month low of $44.42 and a 12 month high of $47.81. The company’s 50-day moving average is $46.17 and its two-hundred day moving average is $46.50.

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.