iShares Yield Optimized Bond ETF (NYSEARCA:BYLD) Trading Down 0.2% – Here’s Why

iShares Yield Optimized Bond ETF (NYSEARCA:BYLD)’s share price fell 0.2% during mid-day trading on Monday . The company traded as low as $21.99 and last traded at $22.01. 43,978 shares traded hands during 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 Trading Down 0.2 %

The firm’s fifty day moving average is $22.37 and its 200-day moving average is $22.49.

Institutional Investors Weigh In On iShares Yield Optimized Bond ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of BYLD. JPMorgan Chase & Co. increased its stake in shares of iShares Yield Optimized Bond ETF by 1.1% in the third quarter. JPMorgan Chase & Co. now owns 61,022 shares of the company’s stock valued at $1,399,000 after buying an additional 690 shares in the last quarter. World Investment Advisors LLC bought a new stake in iShares Yield Optimized Bond ETF during the 3rd quarter worth about $2,038,000. Asset Allocation Strategies LLC acquired a new stake in iShares Yield Optimized Bond ETF in the 3rd quarter valued at about $302,000. MML Investors Services LLC raised its stake in shares of iShares Yield Optimized Bond ETF by 28.8% in the third quarter. MML Investors Services LLC now owns 25,305 shares of the company’s stock worth $580,000 after acquiring an additional 5,664 shares during the last quarter. Finally, SYM FINANCIAL Corp lifted 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 worth $431,000 after purchasing an additional 628 shares in 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.