Thoroughbred Financial Services LLC Trims Stake in iShares High Yield Bond Factor ETF (BATS:HYDB)

Thoroughbred Financial Services LLC lessened its stake in iShares High Yield Bond Factor ETF (BATS:HYDB) by 16.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,473 shares of the company’s stock after selling 4,584 shares during the quarter. Thoroughbred Financial Services LLC’s holdings in iShares High Yield Bond Factor ETF were worth $1,103,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in HYDB. OneAscent Financial Services LLC bought a new position in shares of iShares High Yield Bond Factor ETF in the 4th quarter worth approximately $425,000. Orion Portfolio Solutions LLC purchased a new stake in shares of iShares High Yield Bond Factor ETF in the fourth quarter worth $233,000. Riverchase Wealth Management LLC bought a new position in iShares High Yield Bond Factor ETF in the 4th quarter worth $348,000. JPMorgan Chase & Co. increased its stake in iShares High Yield Bond Factor ETF by 371.2% in the 4th quarter. JPMorgan Chase & Co. now owns 441,120 shares of the company’s stock worth $20,737,000 after buying an additional 347,500 shares in the last quarter. Finally, Modern Wealth Management LLC purchased a new position in shares of iShares High Yield Bond Factor ETF in the fourth quarter valued at about $1,336,000.

iShares High Yield Bond Factor ETF Stock Down 3.5 %

Shares of HYDB opened at $45.27 on Friday. The company has a 50 day simple moving average of $47.29 and a two-hundred day simple moving average of $47.42. iShares High Yield Bond Factor ETF has a 1 year low of $44.90 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. Investors 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.