iShares High Yield Systematic Bond ETF (BATS:HYDB) Hits New 1-Year Low – Time to Sell?

iShares High Yield Systematic Bond ETF (BATS:HYDB) reached a new 52-week low during trading on Wednesday . The company traded as low as $45.79 and last traded at $45.79, with a volume of 70140 shares changing hands. The stock had previously closed at $45.86.

iShares High Yield Systematic Bond ETF Stock Up 0.3%

The business’s 50-day moving average is $46.35 and its two-hundred day moving average is $46.60.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC lifted its stake in iShares High Yield Systematic Bond ETF by 9.3% in the first quarter. Cornerstone Planning Group LLC now owns 385,864 shares of the company’s stock valued at $18,058,000 after buying an additional 32,933 shares during the last quarter. IMA Advisory Services Inc. increased its holdings in shares of iShares High Yield Systematic Bond ETF by 5.8% in the 4th quarter. IMA Advisory Services Inc. now owns 294,840 shares of the company’s stock valued at $13,961,000 after acquiring an additional 16,189 shares during the period. Manning & Napier Advisors LLC raised its position in iShares High Yield Systematic Bond ETF by 78.3% in the 1st quarter. Manning & Napier Advisors LLC now owns 217,378 shares of the company’s stock valued at $10,017,000 after purchasing an additional 95,433 shares during the last quarter. Mascagni Wealth Management Inc. raised its position in iShares High Yield Systematic Bond ETF by 3.1% in the 1st quarter. Mascagni Wealth Management Inc. now owns 105,072 shares of the company’s stock valued at $4,888,000 after purchasing an additional 3,143 shares during the last quarter. Finally, Studio Investment Management LLC acquired a new stake in iShares High Yield Systematic Bond ETF during the 2nd quarter worth $3,605,000.

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.