iShares High Yield Systematic Bond ETF (BATS:HYDB) Reaches New 12-Month Low – Here’s Why

iShares High Yield Systematic Bond ETF (BATS:HYDB)’s share price hit a new 52-week low on Tuesday. The stock 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 Performance

The company’s fifty day moving average price is $45.69 and its two-hundred day moving average price is $46.33.

Institutional Investors Weigh In On iShares High Yield Systematic Bond ETF

A number of large investors have recently bought and sold shares of the business. Wellington Altus USA Inc. increased its holdings in 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 in the last quarter. 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 acquired a new position in iShares High Yield Systematic Bond ETF in the second quarter worth $121,000. NBT Bank N A NY boosted its stake in iShares High Yield Systematic Bond ETF by 13.3% in the first quarter. NBT Bank N A NY now owns 12,080 shares of the company’s stock worth $562,000 after purchasing an additional 1,420 shares in the last quarter. Finally, Adirondack Trust Co. acquired a new position in iShares High Yield Systematic Bond ETF in the third quarter worth $73,000.

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. HYDB was launched on Jul 11, 2017 and is managed by BlackRock.