Sharkey Howes & Javer Purchases New Position in iShares High Yield Bond Factor ETF (BATS:HYDB)

Sharkey Howes & Javer bought a new position in iShares High Yield Bond Factor ETF (BATS:HYDB) in the fourth quarter, HoldingsChannel.com reports. The fund bought 16,131 shares of the company’s stock, valued at approximately $758,000.

A number of other institutional investors also recently modified their holdings of the stock. State of New Jersey Common Pension Fund D raised its stake in shares of iShares High Yield Bond Factor ETF by 19.7% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 1,213,120 shares of the company’s stock worth $57,029,000 after acquiring an additional 200,000 shares during the last quarter. Wealthspire Advisors LLC raised its stake in shares of iShares High Yield Bond Factor ETF by 12.6% during the fourth quarter. Wealthspire Advisors LLC now owns 1,188,263 shares of the company’s stock worth $55,860,000 after buying an additional 133,293 shares during the last quarter. Assetmark Inc. raised its stake in shares of iShares High Yield Bond Factor ETF by 97.9% during the third quarter. Assetmark Inc. now owns 591,870 shares of the company’s stock worth $28,445,000 after buying an additional 292,788 shares during the last quarter. Kestra Investment Management LLC raised its stake in shares of iShares High Yield Bond Factor ETF by 6.1% during the fourth quarter. Kestra Investment Management LLC now owns 458,093 shares of the company’s stock worth $21,535,000 after buying an additional 26,355 shares during the last quarter. Finally, Manning & Napier Advisors LLC bought a new stake in shares of iShares High Yield Bond Factor ETF during the fourth quarter worth approximately $19,723,000.

iShares High Yield Bond Factor ETF Price Performance

HYDB opened at $47.80 on Friday. The firm has a 50 day simple moving average of $47.32 and a 200 day simple moving average of $47.47. iShares High Yield Bond Factor ETF has a fifty-two week low of $49.60 and a fifty-two week high of $51.73.

iShares High Yield Bond Factor ETF Cuts Dividend

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