Cranbrook Wealth Management LLC Purchases 2,013 Shares of iShares High Yield Bond Factor ETF (BATS:HYDB)

Cranbrook Wealth Management LLC increased its position in iShares High Yield Bond Factor ETF (BATS:HYDB) by 99.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,034 shares of the company’s stock after acquiring an additional 2,013 shares during the period. Cranbrook Wealth Management LLC’s holdings in iShares High Yield Bond Factor ETF were worth $190,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Sax Wealth Advisors LLC boosted its position in iShares High Yield Bond Factor ETF by 23.2% in the fourth quarter. Sax Wealth Advisors LLC now owns 133,240 shares of the company’s stock worth $6,264,000 after purchasing an additional 25,079 shares during the last quarter. Merit Financial Group LLC purchased a new position in shares of iShares High Yield Bond Factor ETF in the fourth quarter worth approximately $339,000. Cypress Wealth Services LLC purchased a new position in shares of iShares High Yield Bond Factor ETF in the fourth quarter worth approximately $281,000. Hennion & Walsh Asset Management Inc. grew its position in iShares High Yield Bond Factor ETF by 22.4% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 21,462 shares of the company’s stock valued at $1,009,000 after buying an additional 3,932 shares during the period. Finally, Rovin Capital UT ADV increased its holdings in iShares High Yield Bond Factor ETF by 4.2% during the fourth quarter. Rovin Capital UT ADV now owns 23,297 shares of the company’s stock valued at $1,095,000 after buying an additional 941 shares during the last quarter.

iShares High Yield Bond Factor ETF Trading Up 1.1 %

Shares of iShares High Yield Bond Factor ETF stock opened at $47.43 on Friday. iShares High Yield Bond Factor ETF has a 1-year low of $49.60 and a 1-year high of $51.73. The company’s fifty day simple moving average is $47.38 and its 200-day simple moving average is $47.31.

About iShares High Yield Bond Factor 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.