Modern Wealth Management LLC Takes $2.62 Million Position in iShares Yield Optimized Bond ETF $BYLD

Modern Wealth Management LLC bought a new stake in shares of iShares Yield Optimized Bond ETF (NYSEARCA:BYLD) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 116,175 shares of the company’s stock, valued at approximately $2,623,000. Modern Wealth Management LLC owned approximately 0.68% of iShares Yield Optimized Bond ETF as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Arax Advisory Partners purchased a new stake in shares of iShares Yield Optimized Bond ETF in the 4th quarter worth about $25,000. Advisory Services Network LLC purchased a new position in shares of iShares Yield Optimized Bond ETF during the third quarter valued at about $37,000. Darwin Wealth Management LLC purchased a new position in shares of iShares Yield Optimized Bond ETF during the second quarter valued at about $47,000. NBC Securities Inc. bought a new position in iShares Yield Optimized Bond ETF in the fourth quarter worth about $51,000. Finally, Kestra Advisory Services LLC bought a new position in iShares Yield Optimized Bond ETF in the fourth quarter worth about $130,000.

iShares Yield Optimized Bond ETF Price Performance

Shares of BYLD opened at $22.30 on Friday. iShares Yield Optimized Bond ETF has a one year low of $22.26 and a one year high of $23.14. The company has a 50-day simple moving average of $22.53 and a two-hundred day simple moving average of $22.66. The firm has a market capitalization of $447.12 million, a PE ratio of 10.76 and a beta of 0.27.

About iShares Yield Optimized Bond ETF

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.