iShares Yield Optimized Bond ETF (NYSEARCA:BYLD) Stock Price Up 0.1% – Still a Buy?

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

iShares Yield Optimized Bond ETF Price Performance

The business has a 50-day simple moving average of $22.60 and a two-hundred day simple moving average of $22.72. The stock has a market cap of $387.14 million, a price-to-earnings ratio of 10.76 and a beta of 0.27.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in BYLD. Horizon Wealth Management LLC bought a new stake in iShares Yield Optimized Bond ETF in the 1st quarter valued at $51,833,000. Cetera Investment Advisers lifted its holdings in iShares Yield Optimized Bond ETF by 182.1% during the 4th quarter. Cetera Investment Advisers now owns 198,063 shares of the company’s stock valued at $4,511,000 after purchasing an additional 127,860 shares during the last quarter. Modern Wealth Management LLC acquired a new stake in iShares Yield Optimized Bond ETF during the 1st quarter valued at $2,623,000. LPL Financial LLC boosted its position in iShares Yield Optimized Bond ETF by 11.3% during the fourth quarter. LPL Financial LLC now owns 943,594 shares of the company’s stock worth $21,490,000 after purchasing an additional 95,537 shares during the period. Finally, Members Trust Co boosted its position in iShares Yield Optimized Bond ETF by 325.9% during the first quarter. Members Trust Co now owns 90,173 shares of the company’s stock worth $2,032,000 after purchasing an additional 69,000 shares during the period.

About iShares Yield Optimized Bond ETF

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.