Xtrackers USD High Yield Corporate Bond ETF (NYSEARCA:HYLB) Sets New 12-Month High – Time to Buy?

Xtrackers USD High Yield Corporate Bond ETF (NYSEARCA:HYLB) shares hit a new 52-week high on Friday . The company traded as high as $37.06 and last traded at $37.01, with a volume of 41060 shares trading hands. The stock had previously closed at $36.93.

Xtrackers USD High Yield Corporate Bond ETF Stock Performance

The business’s 50 day moving average price is $36.78 and its two-hundred day moving average price is $36.36.

Hedge Funds Weigh In On Xtrackers USD High Yield Corporate Bond ETF

Institutional investors have recently made changes to their positions in the company. Hexagon Capital Partners LLC boosted its stake in Xtrackers USD High Yield Corporate Bond ETF by 10.8% during the 1st quarter. Hexagon Capital Partners LLC now owns 6,090 shares of the company’s stock worth $220,000 after purchasing an additional 594 shares during the last quarter. Wiser Advisor Group LLC boosted its holdings in Xtrackers USD High Yield Corporate Bond ETF by 2.3% in the second quarter. Wiser Advisor Group LLC now owns 33,363 shares of the company’s stock valued at $1,232,000 after purchasing an additional 740 shares in the last quarter. Centennial Bank AR acquired a new position in Xtrackers USD High Yield Corporate Bond ETF in the first quarter valued at approximately $38,000. Baird Financial Group Inc. boosted its holdings in shares of Xtrackers USD High Yield Corporate Bond ETF by 1.7% in the fourth quarter. Baird Financial Group Inc. now owns 107,011 shares of the company’s stock valued at $3,861,000 after acquiring an additional 1,753 shares during the period. Finally, Ameriprise Financial Inc. raised its stake in shares of Xtrackers USD High Yield Corporate Bond ETF by 0.7% during the second quarter. Ameriprise Financial Inc. now owns 679,733 shares of the company’s stock worth $25,005,000 after purchasing an additional 5,000 shares during the last quarter.

Xtrackers USD High Yield Corporate Bond ETF Company Profile

The Xtrackers USD High Yield Corporate Bond ETF (HYLB) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks an index of USD-denominated high-yield corporate bonds with 1 to 15 years remaining to maturity. HYLB was launched on Dec 7, 2016 and is managed by Xtrackers.