State of New Jersey Common Pension Fund D Trims Stock Position in iShares High Yield Systematic Bond ETF (BATS:HYDB)

State of New Jersey Common Pension Fund D lessened its holdings in shares of iShares High Yield Systematic Bond ETF (BATS:HYDB) by 53.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 563,120 shares of the company’s stock after selling 650,000 shares during the period. State of New Jersey Common Pension Fund D owned approximately 1.63% of iShares High Yield Systematic Bond ETF worth $26,517,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. LGT Financial Advisors LLC purchased a new position in shares of iShares High Yield Systematic Bond ETF during the fourth quarter worth $30,000. GeoWealth Management LLC raised its holdings in shares of iShares High Yield Systematic Bond ETF by 391.8% during the fourth quarter. GeoWealth Management LLC now owns 659 shares of the company’s stock worth $31,000 after purchasing an additional 525 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of iShares High Yield Systematic Bond ETF by 342.6% during the first quarter. PNC Financial Services Group Inc. now owns 1,049 shares of the company’s stock worth $49,000 after purchasing an additional 812 shares during the last quarter. NBC Securities Inc. increased its holdings in iShares High Yield Systematic Bond ETF by 113,300.0% in the first quarter. NBC Securities Inc. now owns 1,134 shares of the company’s stock valued at $53,000 after buying an additional 1,133 shares in the last quarter. Finally, Blume Capital Management Inc. purchased a new position in iShares High Yield Systematic Bond ETF in the first quarter valued at $79,000.

iShares High Yield Systematic Bond ETF Stock Up 0.9%

HYDB opened at $47.34 on Friday. iShares High Yield Systematic Bond ETF has a fifty-two week low of $44.04 and a fifty-two week high of $48.10. The company has a fifty day moving average of $47.17 and a two-hundred day moving average of $46.88.

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.