iShares High Yield Systematic Bond ETF (BATS:HYDB) Shares Down 0.2% – Here’s Why

iShares High Yield Systematic Bond ETF (BATS:HYDB) shares fell 0.2% during trading on Friday . The company traded as low as $47.49 and last traded at $47.52. 106,668 shares traded hands during trading, a decline of 53% from the average session volume of 228,176 shares. The stock had previously closed at $47.61.

iShares High Yield Systematic Bond ETF Price Performance

The company has a 50-day moving average price of $47.53 and a two-hundred day moving average price of $47.48.

Institutional Investors Weigh In On iShares High Yield Systematic Bond ETF

Hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada increased its stake in iShares High Yield Systematic Bond ETF by 27.9% during the 1st 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. Arkadios Wealth Advisors grew its holdings in shares of iShares High Yield Systematic Bond ETF by 12.9% during the second quarter. Arkadios Wealth Advisors now owns 15,761 shares of the company’s stock valued at $748,000 after buying an additional 1,799 shares during the last quarter. Mascagni Wealth Management Inc. grew its holdings in shares of iShares High Yield Systematic Bond ETF by 5.1% during the second quarter. Mascagni Wealth Management Inc. now owns 95,560 shares of the company’s stock valued at $4,537,000 after buying an additional 4,599 shares during the last quarter. IMA Advisory Services Inc. increased its position in shares of iShares High Yield Systematic Bond ETF by 2.4% during the second quarter. IMA Advisory Services Inc. now owns 269,294 shares of the company’s stock worth $12,785,000 after acquiring an additional 6,310 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in shares of iShares High Yield Systematic Bond ETF by 36.7% in the 2nd quarter. PNC Financial Services Group Inc. now owns 1,434 shares of the company’s stock worth $68,000 after acquiring an additional 385 shares during 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.