Modern Wealth Management LLC Makes New $1.34 Million Investment in iShares High Yield Bond Factor ETF (BATS:HYDB)

Modern Wealth Management LLC acquired a new position in shares of iShares High Yield Bond Factor ETF (BATS:HYDB) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 28,190 shares of the company’s stock, valued at approximately $1,336,000.

A number of other large investors have also made changes to their positions in HYDB. SWAN Capital LLC acquired a new stake in iShares High Yield Bond Factor ETF during the third quarter worth about $25,000. Retirement Wealth Solutions LLC bought a new stake in shares of iShares High Yield Bond Factor ETF in the 4th quarter worth approximately $29,000. Synergy Asset Management LLC acquired a new stake in shares of iShares High Yield Bond Factor ETF during the 4th quarter worth approximately $37,000. Adirondack Trust Co. increased its position in shares of iShares High Yield Bond Factor ETF by 59.2% during the fourth quarter. Adirondack Trust Co. now owns 882 shares of the company’s stock valued at $41,000 after purchasing an additional 328 shares during the period. Finally, Spire Wealth Management raised its stake in shares of iShares High Yield Bond Factor ETF by 107.7% in the fourth quarter. Spire Wealth Management now owns 1,101 shares of the company’s stock valued at $52,000 after purchasing an additional 571 shares in the last quarter.

iShares High Yield Bond Factor ETF Stock Up 1.0 %

Shares of HYDB stock opened at $47.40 on Wednesday. The stock has a fifty day moving average price of $47.40 and a 200 day moving average price of $47.46. iShares High Yield Bond Factor ETF has a one year low of $45.51 and a one year high of $48.10.

iShares High Yield Bond Factor ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.234 per share. The ex-dividend date was Monday, March 3rd.

iShares High Yield Bond Factor ETF 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.