Cranbrook Wealth Management LLC Has $357,000 Holdings in iShares High Yield Systematic Bond ETF (BATS:HYDB)

Cranbrook Wealth Management LLC boosted its stake in shares of iShares High Yield Systematic Bond ETF (BATS:HYDB) by 88.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,586 shares of the company’s stock after buying an additional 3,552 shares during the period. Cranbrook Wealth Management LLC’s holdings in iShares High Yield Systematic Bond ETF were worth $357,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Independent Advisor Alliance bought a new stake in shares of iShares High Yield Systematic Bond ETF in the 4th quarter valued at approximately $367,000. Raymond James Financial Inc. bought a new stake in shares of iShares High Yield Systematic Bond ETF in the 4th quarter valued at approximately $4,010,000. United Capital Financial Advisors LLC grew its stake in shares of iShares High Yield Systematic Bond ETF by 204.7% in the 4th quarter. United Capital Financial Advisors LLC now owns 147,930 shares of the company’s stock valued at $6,954,000 after buying an additional 99,386 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in shares of iShares High Yield Systematic Bond ETF by 1,572.9% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 329,048 shares of the company’s stock valued at $15,469,000 after buying an additional 309,379 shares in the last quarter. Finally, Stifel Financial Corp grew its stake in shares of iShares High Yield Systematic Bond ETF by 219.3% in the 4th quarter. Stifel Financial Corp now owns 56,942 shares of the company’s stock valued at $2,677,000 after buying an additional 39,108 shares in the last quarter.

iShares High Yield Systematic Bond ETF Price Performance

Shares of BATS HYDB opened at $46.60 on Friday. The business has a 50 day simple moving average of $46.17 and a 200 day simple moving average of $46.95. iShares High Yield Systematic Bond ETF has a 52 week low of $44.04 and a 52 week high of $48.10.

About iShares High Yield Systematic Bond ETF

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.