Synergy Asset Management LLC Invests $37,000 in iShares High Yield Bond Factor ETF (BATS:HYDB)

Synergy Asset Management LLC bought a new stake in shares of iShares High Yield Bond Factor ETF (BATS:HYDB) during the fourth quarter, Holdings Channel.com reports. The fund bought 779 shares of the company’s stock, valued at approximately $37,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Manning & Napier Advisors LLC bought a new position in iShares High Yield Bond Factor ETF in the fourth quarter worth $19,723,000. Strategic Blueprint LLC grew its position in shares of iShares High Yield Bond Factor ETF by 36.3% in the 4th quarter. Strategic Blueprint LLC now owns 15,126 shares of the company’s stock worth $711,000 after buying an additional 4,032 shares during the period. Capital Investment Counsel LLC grew its position in shares of iShares High Yield Bond Factor ETF by 75.0% in the 4th quarter. Capital Investment Counsel LLC now owns 249,735 shares of the company’s stock worth $11,740,000 after buying an additional 107,011 shares during the period. SteelPeak Wealth LLC bought a new position in shares of iShares High Yield Bond Factor ETF in the 4th quarter worth about $1,214,000. Finally, Watershed Private Wealth LLC lifted its position in iShares High Yield Bond Factor ETF by 125.8% during the 4th quarter. Watershed Private Wealth LLC now owns 22,154 shares of the company’s stock valued at $1,041,000 after acquiring an additional 12,344 shares during the period.

iShares High Yield Bond Factor ETF Stock Performance

Shares of HYDB opened at $47.51 on Friday. iShares High Yield Bond Factor ETF has a fifty-two week low of $49.60 and a fifty-two week high of $51.73. The firm’s 50-day simple moving average is $47.37 and its two-hundred day simple moving average is $47.38.

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.