iShares Yield Optimized Bond ETF (NYSEARCA:BYLD) Shares Down 0% – What’s Next?

Shares of iShares Yield Optimized Bond ETF (NYSEARCA:BYLD) traded down 0% on Monday . The stock traded as low as $22.81 and last traded at $22.87. 46,866 shares traded hands during mid-day trading, a decline of 10% from the average session volume of 52,038 shares. The stock had previously closed at $22.88.

iShares Yield Optimized Bond ETF Trading Down 0.0%

The stock has a market cap of $307.60 million, a price-to-earnings ratio of 10.76 and a beta of 0.26. The firm has a fifty day simple moving average of $22.83 and a 200-day simple moving average of $22.77.

Hedge Funds Weigh In On iShares Yield Optimized Bond ETF

Hedge funds have recently added to or reduced their stakes in the company. DAVENPORT & Co LLC bought a new stake in iShares Yield Optimized Bond ETF during the 4th quarter worth about $203,000. Heritage Family Offices LLP acquired a new stake in shares of iShares Yield Optimized Bond ETF during the 4th quarter worth approximately $633,000. Allworth Financial LP raised its stake in shares of iShares Yield Optimized Bond ETF by 2.0% during the third quarter. Allworth Financial LP now owns 61,372 shares of the company’s stock worth $1,407,000 after buying an additional 1,198 shares during the last quarter. Advisory Services Network LLC bought a new stake in shares of iShares Yield Optimized Bond ETF during the third quarter worth approximately $37,000. Finally, Kestra Private Wealth Services LLC lifted its holdings in iShares Yield Optimized Bond ETF by 14.9% in the third quarter. Kestra Private Wealth Services LLC now owns 97,753 shares of the company’s stock valued at $2,240,000 after buying an additional 12,643 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.