Meridian Wealth Management LLC Raises Stock Holdings in iShares High Yield Bond Factor ETF (BATS:HYDB)

Meridian Wealth Management LLC grew its position in iShares High Yield Bond Factor ETF (BATS:HYDB) by 7.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 6,461 shares of the company’s stock after buying an additional 432 shares during the quarter. Meridian Wealth Management LLC’s holdings in iShares High Yield Bond Factor ETF were worth $304,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. SWAN Capital LLC purchased a new position in shares of iShares High Yield Bond Factor ETF in the third quarter valued at approximately $25,000. Retirement Wealth Solutions LLC purchased a new position in shares of iShares High Yield Bond Factor ETF in the fourth quarter valued at approximately $29,000. Synergy Asset Management LLC purchased a new position in shares of iShares High Yield Bond Factor ETF in the fourth quarter valued at approximately $37,000. Adirondack Trust Co. lifted its position in shares of iShares High Yield Bond Factor ETF by 59.2% in the fourth quarter. Adirondack Trust Co. now owns 882 shares of the company’s stock valued at $41,000 after acquiring an additional 328 shares in the last quarter. Finally, First Horizon Advisors Inc. lifted its position in shares of iShares High Yield Bond Factor ETF by 76.4% in the third quarter. First Horizon Advisors Inc. now owns 905 shares of the company’s stock valued at $43,000 after acquiring an additional 392 shares in the last quarter.

iShares High Yield Bond Factor ETF Stock Performance

BATS HYDB opened at $47.48 on Thursday. The stock’s 50 day simple moving average is $47.34 and its 200-day simple moving average is $47.49. iShares High Yield Bond Factor ETF has a 1-year low of $49.60 and a 1-year high of $51.73.

iShares High Yield Bond Factor ETF Cuts Dividend

The business also recently declared a dividend, which will be paid on Thursday, March 6th. Investors of record on Monday, March 3rd will be issued a $0.234 dividend. The ex-dividend date of this dividend is 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.