iShares High Yield Systematic Bond ETF (BATS:HYDB) Reaches New 52-Week Low – Here’s What Happened

iShares High Yield Systematic Bond ETF (BATS:HYDB)’s share price reached a new 52-week low during mid-day trading on Wednesday. The company 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 Stock Performance

The stock’s 50 day moving average is $46.27 and its two-hundred day moving average is $46.55.

Institutional Investors Weigh In On iShares High Yield Systematic Bond ETF

A number of large investors have recently modified their holdings of HYDB. Wellington Altus USA Inc. raised its holdings in shares of iShares High Yield Systematic Bond ETF by 44.0% in the 2nd quarter. Wellington Altus USA Inc. now owns 2,492 shares of the company’s stock valued at $117,000 after purchasing an additional 761 shares in the last quarter. SVB Wealth LLC acquired a new position in shares of iShares High Yield Systematic Bond ETF during the second quarter worth $2,556,000. Atlantic Private Wealth LLC acquired a new position in shares of iShares High Yield Systematic Bond ETF during the second quarter worth $126,000. DMC Group LLC acquired a new position in shares of iShares High Yield Systematic Bond ETF during the second quarter worth $270,000. Finally, Studio Investment Management LLC purchased a new position in iShares High Yield Systematic Bond ETF in the second quarter valued at $3,605,000.

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.