Steward Partners Investment Advisory LLC Increases Position in iShares High Yield Bond Factor ETF (BATS:HYDB)

Steward Partners Investment Advisory LLC lifted its holdings in iShares High Yield Bond Factor ETF (BATS:HYDB) by 472.9% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 8,290 shares of the company’s stock after acquiring an additional 6,843 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in iShares High Yield Bond Factor ETF were worth $390,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. SWAN Capital LLC purchased a new position in shares of iShares High Yield Bond Factor ETF in the 3rd quarter worth approximately $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 bought a new stake in shares of iShares High Yield Bond Factor ETF in the 4th quarter worth approximately $37,000. Adirondack Trust Co. raised its holdings in shares of iShares High Yield Bond Factor ETF by 59.2% in the 4th quarter. Adirondack Trust Co. now owns 882 shares of the company’s stock worth $41,000 after purchasing an additional 328 shares during the period. Finally, First Horizon Advisors Inc. raised its holdings in shares of iShares High Yield Bond Factor ETF by 76.4% in the 3rd quarter. First Horizon Advisors Inc. now owns 905 shares of the company’s stock worth $43,000 after purchasing an additional 392 shares during the period.

iShares High Yield Bond Factor ETF Stock Down 0.2 %

BATS:HYDB opened at $46.80 on Friday. The firm’s 50 day moving average is $47.38 and its 200 day moving average is $47.48. iShares High Yield Bond Factor ETF has a 12 month low of $45.51 and a 12 month high of $48.10.

iShares High Yield Bond Factor ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were issued a $0.234 dividend. 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.