Mascagni Wealth Management Inc. Grows Stake in iShares High Yield Systematic Bond ETF $HYDB

Mascagni Wealth Management Inc. lifted its holdings in iShares High Yield Systematic Bond ETF (BATS:HYDB) by 5.1% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 95,560 shares of the company’s stock after purchasing an additional 4,599 shares during the period. iShares High Yield Systematic Bond ETF comprises approximately 3.9% of Mascagni Wealth Management Inc.’s portfolio, making the stock its 4th largest holding. Mascagni Wealth Management Inc.’s holdings in iShares High Yield Systematic Bond ETF were worth $4,537,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Renaissancere Holdings Ltd. bought a new stake in shares of iShares High Yield Systematic Bond ETF during the first quarter worth $238,168,000. CWM LLC increased its stake in iShares High Yield Systematic Bond ETF by 53.9% in the 1st quarter. CWM LLC now owns 502,686 shares of the company’s stock worth $23,672,000 after buying an additional 176,036 shares during the period. Wealthspire Advisors LLC lifted its holdings in iShares High Yield Systematic Bond ETF by 4.7% during the 1st quarter. Wealthspire Advisors LLC now owns 1,243,992 shares of the company’s stock valued at $58,580,000 after buying an additional 55,729 shares in the last quarter. Stratos Wealth Partners LTD. purchased a new stake in iShares High Yield Systematic Bond ETF in the 1st quarter valued at about $2,362,000. Finally, Betterment LLC grew its stake in iShares High Yield Systematic Bond ETF by 23.2% in the 1st quarter. Betterment LLC now owns 222,167 shares of the company’s stock worth $10,462,000 after acquiring an additional 41,887 shares in the last quarter.

iShares High Yield Systematic Bond ETF Price Performance

HYDB opened at $47.14 on Thursday. iShares High Yield Systematic Bond ETF has a 12-month low of $44.04 and a 12-month high of $48.10. The business’s fifty day simple moving average is $47.58 and its 200-day simple moving average is $47.16.

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.