iShares High Yield Systematic Bond ETF (BATS:HYDB) Reaches New 1-Year Low – Here’s What Happened

by · The Markets Daily

Shares of iShares High Yield Systematic Bond ETF (BATS:HYDB – Get Free Report) reached a new 52-week low on Thursday . The company traded as low as $45.94 and last traded at $45.9350, with a volume of 88212 shares changing hands. The stock had previously closed at $46.13.

iShares High Yield Systematic Bond ETF Trading Down 0.4%

The company has a fifty day moving average of $46.43 and a 200-day moving average of $46.67.

Hedge Funds Weigh In On iShares High Yield Systematic Bond ETF

Several hedge funds have recently modified their holdings of the company. SVB Wealth LLC purchased a new position in iShares High Yield Systematic Bond ETF in the second quarter valued at about $2,556,000. Atlantic Private Wealth LLC purchased a new stake in iShares High Yield Systematic Bond ETF in the second quarter worth $126,000. DMC Group LLC purchased a new stake in shares of iShares High Yield Systematic Bond ETF in the second quarter worth about $270,000. Studio Investment Management LLC purchased a new position in shares of iShares High Yield Systematic Bond ETF during the 2nd quarter valued at $3,605,000. Finally, Operose Advisors LLC bought a new position in shares of iShares High Yield Systematic Bond ETF in the second quarter worth $365,000.

About iShares High Yield Systematic Bond ETF

(Get Free Report)

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.

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