Xtrackers USD High Yield Corporate Bond ETF (NYSEARCA:HYLB) Trading Up 0% – Still a Buy?

Xtrackers USD High Yield Corporate Bond ETF (NYSEARCA:HYLB)’s stock price rose 0% during mid-day trading on Wednesday . The company traded as high as $36.17 and last traded at $36.08. Approximately 1,874,584 shares changed hands during trading, an increase of 13% from the average daily volume of 1,661,690 shares. The stock had previously closed at $36.07.

Xtrackers USD High Yield Corporate Bond ETF Price Performance

The firm has a fifty day moving average of $36.42 and a 200 day moving average of $36.25.

Institutional Investors Weigh In On Xtrackers USD High Yield Corporate Bond ETF

A number of large investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. lifted its stake in shares of Xtrackers USD High Yield Corporate Bond ETF by 83.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 26,266 shares of the company’s stock worth $970,000 after purchasing an additional 11,923 shares during the period. TD Private Client Wealth LLC boosted its stake in shares of Xtrackers USD High Yield Corporate Bond ETF by 27.3% during the 3rd quarter. TD Private Client Wealth LLC now owns 155,380 shares of the company’s stock worth $5,737,000 after acquiring an additional 33,278 shares during the last quarter. Avior Wealth Management LLC grew its position in shares of Xtrackers USD High Yield Corporate Bond ETF by 9.9% during the 3rd quarter. Avior Wealth Management LLC now owns 268,392 shares of the company’s stock valued at $9,909,000 after acquiring an additional 24,176 shares during the period. Fortitude Family Office LLC increased its stake in shares of Xtrackers USD High Yield Corporate Bond ETF by 85.2% in the 3rd quarter. Fortitude Family Office LLC now owns 2,720 shares of the company’s stock worth $100,000 after purchasing an additional 1,251 shares in the last quarter. Finally, Arkadios Wealth Advisors raised its holdings in Xtrackers USD High Yield Corporate Bond ETF by 36.4% in the 3rd quarter. Arkadios Wealth Advisors now owns 11,420 shares of the company’s stock worth $422,000 after purchasing an additional 3,049 shares during the period.

About Xtrackers USD High Yield Corporate Bond ETF

The Xtrackers USD High Yield Corporate Bond ETF (HYLB) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks an index of USD-denominated high-yield corporate bonds with 1 to 15 years remaining to maturity. HYLB was launched on Dec 7, 2016 and is managed by Xtrackers.