IFP Advisors Inc Raises Stake in iShares High Yield Bond Factor ETF (BATS:HYDB)

IFP Advisors Inc lifted its position in iShares High Yield Bond Factor ETF (BATS:HYDB) by 15,280.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,611 shares of the company’s stock after purchasing an additional 14,516 shares during the period. IFP Advisors Inc’s holdings in iShares High Yield Bond Factor ETF were worth $687,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. State of New Jersey Common Pension Fund D increased its stake in iShares High Yield Bond Factor ETF by 19.7% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 1,213,120 shares of the company’s stock worth $57,029,000 after buying an additional 200,000 shares in the last quarter. Wealthspire Advisors LLC boosted its stake in shares of iShares High Yield Bond Factor ETF by 12.6% in the fourth quarter. Wealthspire Advisors LLC now owns 1,188,263 shares of the company’s stock worth $55,860,000 after acquiring an additional 133,293 shares during the period. Assetmark Inc. grew its position in shares of iShares High Yield Bond Factor ETF by 97.9% during the third quarter. Assetmark Inc. now owns 591,870 shares of the company’s stock worth $28,445,000 after purchasing an additional 292,788 shares in the last quarter. Kestra Investment Management LLC raised its stake in iShares High Yield Bond Factor ETF by 6.1% during the 4th quarter. Kestra Investment Management LLC now owns 458,093 shares of the company’s stock valued at $21,535,000 after purchasing an additional 26,355 shares during the period. Finally, Manning & Napier Advisors LLC bought a new stake in iShares High Yield Bond Factor ETF during the 4th quarter valued at approximately $19,723,000.

iShares High Yield Bond Factor ETF Stock Performance

HYDB stock opened at $47.65 on Friday. iShares High Yield Bond Factor ETF has a 1-year low of $49.60 and a 1-year high of $51.73. The business has a 50 day simple moving average of $47.30 and a two-hundred day simple moving average of $47.46.

iShares High Yield Bond Factor ETF Increases Dividend

The business also recently announced a dividend, which was paid on Thursday, February 6th. Stockholders of record on Monday, February 3rd were issued a $0.2874 dividend. The ex-dividend date was Monday, February 3rd. This is an increase from iShares High Yield Bond Factor ETF’s previous dividend of $0.28.

iShares High Yield Bond Factor ETF 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.