iShares High Yield Systematic Bond ETF (BATS:HYDB) Hits New 12-Month Low – What’s Next?

iShares High Yield Systematic Bond ETF (BATS:HYDB) hit a new 52-week low on Tuesday. The company traded as low as $44.40 and last traded at $44.50, with a volume of 7,894 shares. The stock had previously closed at $44.51.

iShares High Yield Systematic Bond ETF Stock Up 0.2%

The business has a 50 day moving average price of $45.77 and a two-hundred day moving average price of $46.36.

Institutional Trading of iShares High Yield Systematic Bond ETF

A number of hedge funds have recently bought and sold shares of the business. GoalVest Advisory LLC bought a new position in iShares High Yield Systematic Bond ETF in the 3rd quarter valued at $61,000. Continuum Advisory LLC purchased a new stake in shares of iShares High Yield Systematic Bond ETF during the 2nd quarter valued at $121,000. Adirondack Trust Co. purchased a new stake in shares of iShares High Yield Systematic Bond ETF during the 3rd quarter valued at $73,000. Wellington Altus USA Inc. increased its position in shares of iShares High Yield Systematic Bond ETF by 44.0% during 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 during the last quarter. Finally, Atlantic Private Wealth LLC purchased a new stake in shares of iShares High Yield Systematic Bond ETF during the 2nd quarter valued at $126,000.

iShares High Yield Systematic Bond ETF Company Profile

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.