Trek Financial LLC Purchases New Stake in iShares High Yield Bond Factor ETF (BATS:HYDB)

Trek Financial LLC acquired a new position in shares of iShares High Yield Bond Factor ETF (BATS:HYDB) during the 4th quarter, Holdings Channel.com reports. The firm acquired 14,852 shares of the company’s stock, valued at approximately $698,000.

A number of other institutional investors and hedge funds also recently modified their holdings of HYDB. Envestnet Asset Management Inc. raised its stake in iShares High Yield Bond Factor ETF by 366.3% during the fourth quarter. Envestnet Asset Management Inc. now owns 2,680,702 shares of the company’s stock worth $126,020,000 after acquiring an additional 2,105,824 shares during the period. LPL Financial LLC raised its position in shares of iShares High Yield Bond Factor ETF by 200.0% during the 4th quarter. LPL Financial LLC now owns 1,414,515 shares of the company’s stock worth $66,496,000 after purchasing an additional 943,005 shares during the period. Manning & Napier Advisors LLC bought a new stake in shares of iShares High Yield Bond Factor ETF in the 4th quarter worth approximately $19,723,000. JPMorgan Chase & Co. boosted its position in iShares High Yield Bond Factor ETF by 371.2% during the 4th quarter. JPMorgan Chase & Co. now owns 441,120 shares of the company’s stock valued at $20,737,000 after purchasing an additional 347,500 shares during the period. Finally, Envestnet Portfolio Solutions Inc. grew its stake in iShares High Yield Bond Factor ETF by 1,572.9% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 329,048 shares of the company’s stock worth $15,469,000 after buying an additional 309,379 shares during the last quarter.

iShares High Yield Bond Factor ETF Stock Down 3.5 %

Shares of BATS HYDB opened at $45.27 on Monday. iShares High Yield Bond Factor ETF has a 1-year low of $44.90 and a 1-year high of $48.10. The business’s fifty day moving average price is $47.29 and its two-hundred day moving average price is $47.41.

iShares High Yield Bond Factor ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were given a $0.234 dividend. The ex-dividend date of this dividend 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.