Focus Partners Wealth Increases Position in iShares Yield Optimized Bond ETF $BYLD

Focus Partners Wealth grew its holdings in shares of iShares Yield Optimized Bond ETF (NYSEARCA:BYLD) by 6.2% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 509,473 shares of the company’s stock after purchasing an additional 29,684 shares during the period. Focus Partners Wealth owned approximately 4.74% of iShares Yield Optimized Bond ETF worth $11,425,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in BYLD. Jane Street Group LLC bought a new position in iShares Yield Optimized Bond ETF during the 4th quarter valued at approximately $1,070,000. Ameriprise Financial Inc. purchased a new stake in shares of iShares Yield Optimized Bond ETF in the fourth quarter worth $326,000. Bank of America Corp DE increased its holdings in shares of iShares Yield Optimized Bond ETF by 22.4% during the fourth quarter. Bank of America Corp DE now owns 230,082 shares of the company’s stock valued at $5,100,000 after acquiring an additional 42,180 shares in the last quarter. Citadel Advisors LLC bought a new position in shares of iShares Yield Optimized Bond ETF during the fourth quarter valued at $1,439,000. Finally, REAP Financial Group LLC purchased a new position in shares of iShares Yield Optimized Bond ETF in the 4th quarter worth about $58,000.

iShares Yield Optimized Bond ETF Price Performance

Shares of iShares Yield Optimized Bond ETF stock opened at $22.95 on Friday. The stock has a market cap of $252.45 million, a price-to-earnings ratio of 10.76 and a beta of 0.21. iShares Yield Optimized Bond ETF has a 1 year low of $21.55 and a 1 year high of $22.99. The firm’s 50-day moving average is $22.62 and its 200 day moving average is $22.41.

iShares Yield Optimized Bond ETF Profile

The iShares Yield Optimized Bond ETF (BYLD) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is a fund-of-funds that tracks a broad index of debt securities optimized for yield and mean variance. BYLD was launched on Apr 22, 2014 and is managed by BlackRock.