iShares High Yield Systematic Bond ETF (BATS:HYDB) Trading Up 1.2% – Should You Buy?

iShares High Yield Systematic Bond ETF (BATS:HYDB) rose 1.2% on Friday . The stock traded as high as $47.3050 and last traded at $47.4950. Approximately 162,202 shares traded hands during mid-day trading, a decline of 43% from the average daily volume of 285,101 shares. The stock had previously closed at $46.91.

iShares High Yield Systematic Bond ETF Price Performance

The company’s 50 day simple moving average is $47.45 and its 200 day simple moving average is $47.45.

Institutional Trading of iShares High Yield Systematic Bond ETF

Several hedge funds have recently added to or reduced their stakes in HYDB. Royal Bank of Canada raised its stake in iShares High Yield Systematic Bond ETF by 27.9% in the first quarter. Royal Bank of Canada now owns 23,331 shares of the company’s stock valued at $1,099,000 after buying an additional 5,084 shares in the last quarter. NBT Bank N A NY increased its position in iShares High Yield Systematic Bond ETF by 5.2% during the second quarter. NBT Bank N A NY now owns 9,045 shares of the company’s stock worth $429,000 after buying an additional 450 shares during the period. Opus Capital Group LLC increased its holdings in shares of iShares High Yield Systematic Bond ETF by 4.5% in the 2nd quarter. Opus Capital Group LLC now owns 6,141 shares of the company’s stock valued at $292,000 after acquiring an additional 264 shares during the period. Arkadios Wealth Advisors increased its stake in iShares High Yield Systematic Bond ETF by 12.9% in the second quarter. Arkadios Wealth Advisors now owns 15,761 shares of the company’s stock valued at $748,000 after purchasing an additional 1,799 shares during the period. Finally, Mascagni Wealth Management Inc. grew its stake in shares of iShares High Yield Systematic Bond ETF by 5.1% in the 2nd quarter. Mascagni Wealth Management Inc. now owns 95,560 shares of the company’s stock valued at $4,537,000 after purchasing an additional 4,599 shares during the last quarter.

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.