iShares Yield Optimized Bond ETF (NYSEARCA:BYLD) Trading Down 0.2% – Should You Sell?

Shares of iShares Yield Optimized Bond ETF (NYSEARCA:BYLD) fell 0.2% on Monday . The company traded as low as $21.99 and last traded at $22.01. 43,978 shares were traded during mid-day trading, a decline of 43% from the average session volume of 76,811 shares. The stock had previously closed at $22.06.

iShares Yield Optimized Bond ETF Stock Performance

The stock has a 50 day simple moving average of $22.36 and a 200-day simple moving average of $22.49.

Institutional Investors Weigh In On iShares Yield Optimized Bond ETF

Hedge funds have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. purchased a new position in iShares Yield Optimized Bond ETF during the second quarter valued at approximately $29,000. Darwin Wealth Management LLC purchased a new stake in shares of iShares Yield Optimized Bond ETF during the third quarter worth about $85,000. Asset Allocation Strategies LLC bought a new stake in iShares Yield Optimized Bond ETF during the 3rd quarter valued at approximately $302,000. Altman Advisors Inc. boosted its stake in iShares Yield Optimized Bond ETF by 3.6% in the 3rd quarter. Altman Advisors Inc. now owns 15,155 shares of the company’s stock worth $347,000 after purchasing an additional 530 shares during the period. Finally, SYM FINANCIAL Corp raised its position in shares of iShares Yield Optimized Bond ETF by 3.5% during the third quarter. SYM FINANCIAL Corp now owns 18,799 shares of the company’s stock valued at $431,000 after buying an additional 628 shares during the last quarter.

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.