Xtrackers Low Beta High Yield Bond ETF (NYSEARCA:HYDW) Shares Up 0.2% – Still a Buy?

Shares of Xtrackers Low Beta High Yield Bond ETF (NYSEARCA:HYDW) shot up 0.2% during mid-day trading on Tuesday . The company traded as high as $46.93 and last traded at $46.85. 7,533 shares changed hands during mid-day trading, a decline of 85% from the average session volume of 49,965 shares. The stock had previously closed at $46.76.

Xtrackers Low Beta High Yield Bond ETF Trading Up 0.2%

The business’s fifty day simple moving average is $46.32 and its 200 day simple moving average is $46.42.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Xtrackers Low Beta High Yield Bond ETF stock. Financial Gravity Asset Management Inc. acquired a new stake in Xtrackers Low Beta High Yield Bond ETF (NYSEARCA:HYDW) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 332,256 shares of the company’s stock, valued at approximately $15,420,000. Xtrackers Low Beta High Yield Bond ETF comprises approximately 3.3% of Financial Gravity Asset Management Inc.’s investment portfolio, making the stock its 6th biggest position. Financial Gravity Asset Management Inc. owned about 8.01% of Xtrackers Low Beta High Yield Bond ETF as of its most recent SEC filing.

About Xtrackers Low Beta High Yield Bond ETF

The Xtrackers Low Beta High Yield Bond ETF (HYDW) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks an index of USD-denominated high yield bonds with a low yield to worst. HYDW was launched on Jan 11, 2018 and is managed by Xtrackers.