Redwood Financial Network Corp Acquires New Holdings in iShares Yield Optimized Bond ETF (NYSEARCA:BYLD)

Redwood Financial Network Corp bought a new position in shares of iShares Yield Optimized Bond ETF (NYSEARCA:BYLD) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 19,509 shares of the company’s stock, valued at approximately $432,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. increased its holdings in iShares Yield Optimized Bond ETF by 1.1% in the third quarter. JPMorgan Chase & Co. now owns 61,022 shares of the company’s stock valued at $1,399,000 after purchasing an additional 690 shares during the period. Arkadios Wealth Advisors raised its position in shares of iShares Yield Optimized Bond ETF by 5.9% during the fourth quarter. Arkadios Wealth Advisors now owns 50,740 shares of the company’s stock worth $1,125,000 after acquiring an additional 2,845 shares during the last quarter. Dynamic Advisor Solutions LLC raised its position in shares of iShares Yield Optimized Bond ETF by 8.2% during the fourth quarter. Dynamic Advisor Solutions LLC now owns 33,537 shares of the company’s stock worth $743,000 after acquiring an additional 2,543 shares during the last quarter. Fifth Third Securities Inc. acquired a new position in shares of iShares Yield Optimized Bond ETF in the fourth quarter worth approximately $230,000. Finally, SYM FINANCIAL Corp boosted its holdings in iShares Yield Optimized Bond ETF by 16.7% in the fourth quarter. SYM FINANCIAL Corp now owns 21,935 shares of the company’s stock valued at $486,000 after acquiring an additional 3,136 shares during the last quarter.

iShares Yield Optimized Bond ETF Stock Performance

NYSEARCA:BYLD opened at $22.13 on Thursday. The company has a market capitalization of $234.58 million, a PE ratio of 10.69 and a beta of 0.25. iShares Yield Optimized Bond ETF has a fifty-two week low of $21.55 and a fifty-two week high of $22.97. The company has a 50 day simple moving average of $22.22 and a two-hundred day simple moving average of $22.32.

iShares Yield Optimized Bond ETF Company Profile

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.