First Horizon Advisors Inc. Increases Stock Position in iShares High Yield Bond Factor ETF (BATS:HYDB)

First Horizon Advisors Inc. raised its holdings in shares of iShares High Yield Bond Factor ETF (BATS:HYDB) by 317.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,778 shares of the company’s stock after purchasing an additional 2,873 shares during the period. First Horizon Advisors Inc.’s holdings in iShares High Yield Bond Factor ETF were worth $178,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Dahring Cusmano LLC bought a new position in shares of iShares High Yield Bond Factor ETF during the fourth quarter valued at $7,820,000. Global Retirement Partners LLC raised its position in iShares High Yield Bond Factor ETF by 150.4% in the 4th quarter. Global Retirement Partners LLC now owns 4,657 shares of the company’s stock worth $219,000 after buying an additional 2,797 shares during the last quarter. Kestra Investment Management LLC lifted its stake in iShares High Yield Bond Factor ETF by 6.1% during the 4th quarter. Kestra Investment Management LLC now owns 458,093 shares of the company’s stock valued at $21,535,000 after acquiring an additional 26,355 shares during the period. Atria Wealth Solutions Inc. purchased a new stake in shares of iShares High Yield Bond Factor ETF during the 4th quarter valued at about $1,911,000. Finally, Truist Financial Corp purchased a new stake in shares of iShares High Yield Bond Factor ETF during the 4th quarter valued at about $2,080,000.

iShares High Yield Bond Factor ETF Price Performance

HYDB opened at $47.68 on Wednesday. The firm has a 50 day moving average price of $47.28 and a 200-day moving average price of $47.46. iShares High Yield Bond Factor ETF has a twelve month low of $49.60 and a twelve month high of $51.73.

iShares High Yield Bond Factor ETF Increases Dividend

The business also recently announced a dividend, which was paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd were paid a dividend of $0.2874 per share. The ex-dividend date of this dividend was Monday, February 3rd. This is a positive change from iShares High Yield Bond Factor ETF’s previous dividend of $0.28.

iShares High Yield Bond Factor ETF Company 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.