Synergy Investment Management LLC Buys Shares of 7,593 iShares High Yield Bond Factor ETF (BATS:HYDB)

Synergy Investment Management LLC purchased a new position in shares of iShares High Yield Bond Factor ETF (BATS:HYDB) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 7,593 shares of the company’s stock, valued at approximately $357,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. JPMorgan Chase & Co. grew its position in shares of iShares High Yield Bond Factor ETF by 115.2% during the third quarter. JPMorgan Chase & Co. now owns 93,620 shares of the company’s stock worth $4,499,000 after purchasing an additional 50,116 shares in the last quarter. Apollon Wealth Management LLC grew its stake in shares of iShares High Yield Bond Factor ETF by 17.3% in the 3rd quarter. Apollon Wealth Management LLC now owns 28,214 shares of the company’s stock worth $1,356,000 after buying an additional 4,163 shares in the last quarter. Merit Financial Group LLC purchased a new position in iShares High Yield Bond Factor ETF in the fourth quarter worth about $339,000. Sanctuary Advisors LLC increased its position in shares of iShares High Yield Bond Factor ETF by 9.0% during the 4th quarter. Sanctuary Advisors LLC now owns 96,233 shares of the company’s stock valued at $4,582,000 after purchasing an additional 7,922 shares during the last quarter. Finally, Strategic Wealth Investment Group LLC purchased a new stake in shares of iShares High Yield Bond Factor ETF in the fourth quarter valued at $1,113,000.

iShares High Yield Bond Factor ETF Price Performance

Shares of BATS HYDB opened at $47.43 on Tuesday. iShares High Yield Bond Factor ETF has a 1 year low of $49.60 and a 1 year high of $51.73. The firm has a 50-day simple moving average of $47.32 and a two-hundred day simple moving average of $47.48.

iShares High Yield Bond Factor ETF Cuts Dividend

The firm also recently announced a dividend, which will be paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd will be given a dividend of $0.234 per share. The ex-dividend date of this dividend is Monday, March 3rd.

iShares High Yield Bond Factor ETF Company 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.