Horizon Wealth Management LLC Invests $51.83 Million in iShares Yield Optimized Bond ETF $BYLD

Horizon Wealth Management LLC purchased a new position in iShares Yield Optimized Bond ETF (NYSEARCA:BYLD) during the first quarter, Holdings Channel.com reports. The fund purchased 2,300,623 shares of the company’s stock, valued at approximately $51,833,000. iShares Yield Optimized Bond ETF accounts for 7.6% of Horizon Wealth Management LLC’s portfolio, making the stock its largest position. Horizon Wealth Management LLC owned about 0.14% of iShares Yield Optimized Bond ETF as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also bought and sold shares of the company. Arax Advisory Partners bought a new position in iShares Yield Optimized Bond ETF during the fourth quarter valued at $25,000. Advisory Services Network LLC bought a new stake in shares of iShares Yield Optimized Bond ETF in the third quarter valued at $37,000. Darwin Wealth Management LLC bought a new stake in shares of iShares Yield Optimized Bond ETF in the second quarter valued at $47,000. NBC Securities Inc. purchased a new position in shares of iShares Yield Optimized Bond ETF during the 4th quarter valued at $51,000. Finally, Kestra Advisory Services LLC bought a new position in shares of iShares Yield Optimized Bond ETF during the 4th quarter worth $130,000.

iShares Yield Optimized Bond ETF Stock Performance

BYLD stock opened at $22.63 on Thursday. The stock has a fifty day moving average of $22.59 and a 200-day moving average of $22.71. iShares Yield Optimized Bond ETF has a fifty-two week low of $22.27 and a fifty-two week high of $23.14. The company has a market capitalization of $453.73 million, a price-to-earnings ratio of 10.76 and a beta of 0.26.

iShares Yield Optimized Bond ETF Company 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.