iShares High Yield Systematic Bond ETF $HYDB Shares Newly Purchased by Confluence Investment Management LLC

Confluence Investment Management LLC acquired a new position in iShares High Yield Systematic Bond ETF (BATS:HYDB) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 2,152,535 shares of the company’s stock, valued at approximately $96,778,000. iShares High Yield Systematic Bond ETF accounts for about 1.5% of Confluence Investment Management LLC’s portfolio, making the stock its 19th biggest position. Confluence Investment Management LLC owned about 0.07% of iShares High Yield Systematic Bond ETF at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in HYDB. Atomic Invest LLC increased its position in iShares High Yield Systematic Bond ETF by 136.4% during the 2nd quarter. Atomic Invest LLC now owns 21,359 shares of the company’s stock valued at $999,000 after purchasing an additional 12,322 shares during the period. SVB Wealth LLC acquired a new position in shares of iShares High Yield Systematic Bond ETF in the 2nd quarter worth approximately $2,556,000. Nilsine Partners LLC acquired a new position in shares of iShares High Yield Systematic Bond ETF in the 2nd quarter worth approximately $1,145,000. IMA Advisory Services Inc. boosted its stake 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 purchasing an additional 16,189 shares during the last quarter. Finally, Manning & Napier Advisors LLC boosted its stake in shares of 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.

iShares High Yield Systematic Bond ETF Trading Down 0.8%

Shares of HYDB traded down $0.36 during trading hours on Thursday, hitting $44.59. 74,944 shares of the stock were exchanged, compared to its average volume of 223,714. iShares High Yield Systematic Bond ETF has a fifty-two week low of $44.42 and a fifty-two week high of $47.81. The business has a 50-day moving average of $46.17 and a 200-day moving average of $46.50.

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.