iShares Yield Optimized Bond ETF (NYSEARCA:BYLD) Shares Up 0.1% – Here’s Why

iShares Yield Optimized Bond ETF (NYSEARCA:BYLD) shot up 0.1% on Tuesday . The company traded as high as $22.67 and last traded at $22.63. 115,636 shares changed hands during mid-day trading, a decline of 1% from the average session volume of 116,754 shares. The stock had previously closed at $22.61.

iShares Yield Optimized Bond ETF Trading Up 0.1%

The company has a market cap of $386.97 million, a price-to-earnings ratio of 10.76 and a beta of 0.27. The business has a fifty day moving average of $22.60 and a two-hundred day moving average of $22.72.

Hedge Funds Weigh In On iShares Yield Optimized Bond ETF

Hedge funds have recently made changes to their positions in the company. Trivium Point Advisory LLC raised its holdings in shares of iShares Yield Optimized Bond ETF by 15.6% during the third quarter. Trivium Point Advisory LLC now owns 345,631 shares of the company’s stock valued at $7,922,000 after acquiring an additional 46,533 shares during the last quarter. Daviman Financial LLC acquired a new position in shares of iShares Yield Optimized Bond ETF during the fourth quarter valued at approximately $674,000. Heritage Family Offices LLP acquired a new position in shares of iShares Yield Optimized Bond ETF during the fourth quarter valued at approximately $633,000. Mutual Advisors LLC raised its holdings in shares of iShares Yield Optimized Bond ETF by 78.5% during the fourth quarter. Mutual Advisors LLC now owns 33,122 shares of the company’s stock valued at $754,000 after acquiring an additional 14,570 shares during the last quarter. Finally, Kestra Private Wealth Services LLC raised its holdings in shares of iShares Yield Optimized Bond ETF by 14.6% during the fourth quarter. Kestra Private Wealth Services LLC now owns 112,030 shares of the company’s stock valued at $2,551,000 after acquiring an additional 14,277 shares during the last quarter.

iShares Yield Optimized Bond ETF Company Profile

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.