iShares Yield Optimized Bond ETF (NYSEARCA:BYLD) Shares Down 0% – Should You Sell?

iShares Yield Optimized Bond ETF (NYSEARCA:BYLD)’s stock price were down 0% during trading on Monday . The company traded as low as $22.81 and last traded at $22.87. Approximately 46,866 shares were traded during trading, a decline of 10% from the average daily volume of 52,038 shares. The stock had previously closed at $22.88.

iShares Yield Optimized Bond ETF Price Performance

The company has a market capitalization of $307.60 million, a price-to-earnings ratio of 10.76 and a beta of 0.26. The firm has a 50-day moving average price of $22.83 and a two-hundred day moving average price of $22.77.

Hedge Funds Weigh In On iShares Yield Optimized Bond ETF

Several hedge funds have recently made changes to their positions in BYLD. Fifth Third Bancorp acquired a new stake in shares of iShares Yield Optimized Bond ETF in the second quarter valued at approximately $28,000. Advisory Services Network LLC bought a new position in iShares Yield Optimized Bond ETF in the third quarter valued at $37,000. Asset Dedication LLC acquired a new stake in iShares Yield Optimized Bond ETF in the 2nd quarter valued at $37,000. Darwin Wealth Management LLC acquired a new stake in iShares Yield Optimized Bond ETF in the 2nd quarter valued at $47,000. Finally, Ameritas Advisory Services LLC bought a new stake in iShares Yield Optimized Bond ETF during the 2nd quarter worth about $185,000.

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.