Waverly Advisors LLC Acquires 76,490 Shares of iShares High Yield Bond Factor ETF (BATS:HYDB)

Waverly Advisors LLC raised its holdings in shares of iShares High Yield Bond Factor ETF (BATS:HYDB) by 267.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 105,088 shares of the company’s stock after acquiring an additional 76,490 shares during the period. Waverly Advisors LLC owned about 0.85% of iShares High Yield Bond Factor ETF worth $4,940,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of HYDB. LGT Financial Advisors LLC bought a new position in iShares High Yield Bond Factor ETF during the fourth quarter valued at approximately $30,000. GeoWealth Management LLC grew its position in iShares High Yield Bond Factor ETF by 391.8% during the fourth quarter. GeoWealth Management LLC now owns 659 shares of the company’s stock valued at $31,000 after acquiring an additional 525 shares during the last quarter. Synergy Asset Management LLC bought a new position in iShares High Yield Bond Factor ETF during the fourth quarter valued at approximately $37,000. Adirondack Trust Co. grew its position in iShares High Yield Bond Factor ETF by 59.2% during the fourth quarter. Adirondack Trust Co. now owns 882 shares of the company’s stock valued at $41,000 after acquiring an additional 328 shares during the last quarter. Finally, Spire Wealth Management grew its position in iShares High Yield Bond Factor ETF by 107.7% during the fourth quarter. Spire Wealth Management now owns 1,101 shares of the company’s stock valued at $52,000 after acquiring an additional 571 shares during the last quarter.

iShares High Yield Bond Factor ETF Trading Down 0.5%

Shares of BATS HYDB opened at $46.67 on Wednesday. iShares High Yield Bond Factor ETF has a one year low of $44.04 and a one year high of $48.10. The firm’s 50 day simple moving average is $46.30 and its two-hundred day simple moving average is $47.03.

iShares High Yield Bond Factor ETF Cuts Dividend

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

iShares High Yield Bond Factor ETF Company Profile

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.