Avestar Capital LLC Sells 3,441 Shares of iShares High Yield Bond Factor ETF (BATS:HYDB)

Avestar Capital LLC reduced its holdings in iShares High Yield Bond Factor ETF (BATS:HYDB) by 11.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,952 shares of the company’s stock after selling 3,441 shares during the quarter. Avestar Capital LLC owned approximately 0.23% of iShares High Yield Bond Factor ETF worth $1,314,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. SWAN Capital LLC acquired a new position in iShares High Yield Bond Factor ETF in the third quarter worth $25,000. Retirement Wealth Solutions LLC acquired a new stake in shares of iShares High Yield Bond Factor ETF in the fourth quarter valued at $29,000. Concourse Financial Group Securities Inc. raised its holdings in shares of iShares High Yield Bond Factor ETF by 336.2% in the third quarter. Concourse Financial Group Securities Inc. now owns 759 shares of the company’s stock valued at $36,000 after buying an additional 585 shares during the last quarter. Synergy Asset Management LLC acquired a new position in iShares High Yield Bond Factor ETF during the 4th quarter worth about $37,000. Finally, Adirondack Trust Co. grew its holdings in iShares High Yield Bond Factor ETF by 59.2% during the 4th quarter. Adirondack Trust Co. now owns 882 shares of the company’s stock worth $41,000 after acquiring an additional 328 shares during the last quarter.

iShares High Yield Bond Factor ETF Stock Performance

HYDB opened at $47.26 on Thursday. iShares High Yield Bond Factor ETF has a 1-year low of $49.60 and a 1-year high of $51.73. The firm has a 50-day moving average price of $47.30 and a two-hundred day moving average price of $47.40.

iShares High Yield Bond Factor ETF Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, February 6th. Investors of record on Monday, February 3rd were issued a $0.2874 dividend. The ex-dividend date was Monday, February 3rd. This is a positive change 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.