Riverchase Wealth Management LLC Takes $348,000 Position in iShares High Yield Bond Factor ETF (BATS:HYDB)

Riverchase Wealth Management LLC bought a new position in shares of iShares High Yield Bond Factor ETF (BATS:HYDB) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 7,411 shares of the company’s stock, valued at approximately $348,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its position in shares of iShares High Yield Bond Factor ETF by 371.2% during the 4th quarter. JPMorgan Chase & Co. now owns 441,120 shares of the company’s stock valued at $20,737,000 after purchasing an additional 347,500 shares during the period. Modern Wealth Management LLC acquired a new stake in iShares High Yield Bond Factor ETF in the 4th quarter valued at about $1,336,000. LPL Financial LLC boosted its position in shares of iShares High Yield Bond Factor ETF by 200.0% during the 4th quarter. LPL Financial LLC now owns 1,414,515 shares of the company’s stock valued at $66,496,000 after purchasing an additional 943,005 shares in the last quarter. Mosley Wealth Management acquired a new position in shares of iShares High Yield Bond Factor ETF in the 4th quarter worth approximately $361,000. Finally, SigFig Wealth Management LLC bought a new stake in shares of iShares High Yield Bond Factor ETF in the 4th quarter worth approximately $517,000.

iShares High Yield Bond Factor ETF Stock Performance

Shares of BATS:HYDB opened at $47.13 on Friday. The company has a 50 day moving average price of $47.40 and a 200 day moving average price of $47.46. iShares High Yield Bond Factor ETF has a 1-year low of $45.51 and a 1-year high of $48.10.

iShares High Yield Bond Factor ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.234 per share. The ex-dividend date of this dividend was Monday, March 3rd.

About iShares High Yield Bond Factor ETF

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.