Sequoia Financial Advisors LLC Invests $203,000 in iShares High Yield Systematic Bond ETF (BATS:HYDB)

Sequoia Financial Advisors LLC purchased a new position in iShares High Yield Systematic Bond ETF (BATS:HYDB) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,314 shares of the company’s stock, valued at approximately $203,000.

Other hedge funds have also recently made changes to their positions in the company. LGT Financial Advisors LLC bought a new position in shares of iShares High Yield Systematic Bond ETF in the fourth quarter worth about $30,000. GeoWealth Management LLC grew its holdings in shares of iShares High Yield Systematic Bond ETF by 391.8% in the fourth quarter. GeoWealth Management LLC now owns 659 shares of the company’s stock worth $31,000 after purchasing an additional 525 shares during the last quarter. NBC Securities Inc. grew its holdings in shares of iShares High Yield Systematic Bond ETF by 113,300.0% in the first quarter. NBC Securities Inc. now owns 1,134 shares of the company’s stock worth $53,000 after purchasing an additional 1,133 shares during the last quarter. Ameriflex Group Inc. bought a new position in shares of iShares High Yield Systematic Bond ETF in the fourth quarter worth about $81,000. Finally, Tidemark LLC bought a new position in shares of iShares High Yield Systematic Bond ETF in the fourth quarter worth about $99,000.

iShares High Yield Systematic Bond ETF Stock Up 0.9%

BATS:HYDB opened at $47.31 on Friday. iShares High Yield Systematic Bond ETF has a 1-year low of $44.04 and a 1-year high of $48.10. The company has a 50-day moving average of $46.74 and a 200 day moving average of $46.86.

iShares High Yield Systematic Bond ETF 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.