Citadel Advisors LLC Invests $1.36 Million in iShares Yield Optimized Bond ETF $BYLD

Citadel Advisors LLC bought a new position in shares of iShares Yield Optimized Bond ETF (NYSEARCA:BYLD) in the second quarter, Holdings Channel reports. The institutional investor bought 60,022 shares of the company’s stock, valued at approximately $1,359,000.

A number of other hedge funds have also made changes to their positions in BYLD. Horizon Wealth Management LLC bought a new position in iShares Yield Optimized Bond ETF during the 1st quarter valued at about $51,833,000. LPL Financial LLC increased its holdings in shares of iShares Yield Optimized Bond ETF by 11.3% during the fourth quarter. LPL Financial LLC now owns 943,594 shares of the company’s stock worth $21,490,000 after buying an additional 95,537 shares in the last quarter. Focus Partners Wealth increased its holdings in shares of iShares Yield Optimized Bond ETF by 1.1% during the fourth quarter. Focus Partners Wealth now owns 531,124 shares of the company’s stock worth $12,096,000 after buying an additional 5,743 shares in the last quarter. Bank of America Corp DE raised its stake in shares of iShares Yield Optimized Bond ETF by 4.4% in the first quarter. Bank of America Corp DE now owns 397,860 shares of the company’s stock valued at $8,964,000 after acquiring an additional 16,660 shares during the last quarter. Finally, Osaic Holdings Inc. raised its stake in shares of iShares Yield Optimized Bond ETF by 4.0% in the fourth quarter. Osaic Holdings Inc. now owns 377,251 shares of the company’s stock valued at $8,591,000 after acquiring an additional 14,457 shares during the last quarter.

iShares Yield Optimized Bond ETF Price Performance

Shares of BYLD opened at $22.16 on Thursday. The company has a market capitalization of $444.31 million, a P/E ratio of 10.76 and a beta of 0.27. iShares Yield Optimized Bond ETF has a one year low of $22.12 and a one year high of $23.14. The business’s 50 day simple moving average is $22.35 and its 200-day simple moving average is $22.53.

About iShares Yield Optimized Bond ETF

The iShares Yield Optimized Bond ETF (BYLD) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is a fund-of-funds that tracks a broad index of debt securities optimized for yield and mean variance. BYLD was launched on Apr 22, 2014 and is managed by BlackRock.