First Citizens Asset Management Inc. Invests $636,000 in iShares High Yield Systematic Bond ETF $HYDB

First Citizens Asset Management Inc. bought a new stake in shares of iShares High Yield Systematic Bond ETF (BATS:HYDB) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 13,661 shares of the company’s stock, valued at approximately $636,000. iShares High Yield Systematic Bond ETF accounts for about 0.2% of First Citizens Asset Management Inc.’s investment portfolio, making the stock its 18th biggest position.

A number of other hedge funds have also recently made changes to their positions in HYDB. Manning & Napier Advisors LLC increased its stake in iShares High Yield Systematic Bond ETF by 511.4% in the 4th quarter. Manning & Napier Advisors LLC now owns 121,945 shares of the company’s stock worth $5,779,000 after buying an additional 101,999 shares during the period. Ameriprise Financial Inc. boosted its position in iShares High Yield Systematic Bond ETF by 12.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 853,852 shares of the company’s stock valued at $40,537,000 after buying an additional 96,669 shares during the period. JPMorgan Chase & Co. boosted its position in iShares High Yield Systematic Bond ETF by 22.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 277,216 shares of the company’s stock valued at $13,263,000 after buying an additional 51,671 shares during the period. BlueStem Wealth Partners LLC increased its position in shares of iShares High Yield Systematic Bond ETF by 14.1% during the third quarter. BlueStem Wealth Partners LLC now owns 262,857 shares of the company’s stock worth $12,576,000 after acquiring an additional 32,529 shares during the period. Finally, BNP Paribas Financial Markets bought a new stake in shares of iShares High Yield Systematic Bond ETF during the third quarter valued at approximately $1,550,000.

iShares High Yield Systematic Bond ETF Trading Down 0.1%

Shares of BATS HYDB opened at $46.75 on Tuesday. The stock has a 50 day moving average price of $46.83 and a 200 day moving average price of $47.07. iShares High Yield Systematic Bond ETF has a 52-week low of $45.96 and a 52-week high of $47.99.

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.