iShares High Yield Systematic Bond ETF $HYDB is Capital Investment Counsel LLC’s 7th Largest Position

Capital Investment Counsel LLC raised its stake in shares of iShares High Yield Systematic Bond ETF (BATS:HYDB) by 16.6% in the 1st quarter, Holdings Channel reports. The fund owned 291,149 shares of the company’s stock after acquiring an additional 41,414 shares during the quarter. iShares High Yield Systematic Bond ETF accounts for approximately 2.3% of Capital Investment Counsel LLC’s portfolio, making the stock its 7th biggest position. Capital Investment Counsel LLC’s holdings in iShares High Yield Systematic Bond ETF were worth $13,710,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Renaissancere Holdings Ltd. purchased a new position in shares of iShares High Yield Systematic Bond ETF during the 1st quarter worth approximately $238,168,000. Envestnet Asset Management Inc. raised its stake in shares of iShares High Yield Systematic Bond ETF by 1.2% during the 1st quarter. Envestnet Asset Management Inc. now owns 2,713,773 shares of the company’s stock worth $127,792,000 after buying an additional 33,071 shares in the last quarter. Wealthspire Advisors LLC raised its stake in shares of iShares High Yield Systematic Bond ETF by 4.7% during the 1st quarter. Wealthspire Advisors LLC now owns 1,243,992 shares of the company’s stock worth $58,580,000 after buying an additional 55,729 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of iShares High Yield Systematic Bond ETF by 129.0% during the 4th quarter. Ameriprise Financial Inc. now owns 676,319 shares of the company’s stock worth $31,793,000 after buying an additional 381,021 shares in the last quarter. Finally, Captrust Financial Advisors raised its stake in shares of iShares High Yield Systematic Bond ETF by 1.6% during the 4th quarter. Captrust Financial Advisors now owns 648,984 shares of the company’s stock worth $30,509,000 after buying an additional 10,030 shares in the last quarter.

iShares High Yield Systematic Bond ETF Price Performance

Shares of HYDB stock opened at $47.64 on Monday. The stock has a 50 day simple moving average of $47.31 and a 200-day simple moving average of $46.88. iShares High Yield Systematic Bond ETF has a 12-month low of $44.04 and a 12-month high of $48.10.

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.