Midwest Capital Advisors LLC Makes New $1.07 Million Investment in iShares High Yield Bond Factor ETF (BATS:HYDB)

Midwest Capital Advisors LLC purchased a new stake in shares of iShares High Yield Bond Factor ETF (BATS:HYDB) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 22,713 shares of the company’s stock, valued at approximately $1,068,000. iShares High Yield Bond Factor ETF comprises approximately 0.8% of Midwest Capital Advisors LLC’s portfolio, making the stock its 23rd biggest holding. Midwest Capital Advisors LLC owned approximately 0.18% of iShares High Yield Bond Factor ETF as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. SWAN Capital LLC acquired a new position in shares of iShares High Yield Bond Factor ETF during the 3rd quarter valued at about $25,000. Retirement Wealth Solutions LLC acquired a new position in shares of iShares High Yield Bond Factor ETF during the 4th quarter valued at about $29,000. Synergy Asset Management LLC acquired a new position in shares of iShares High Yield Bond Factor ETF during the 4th quarter valued at about $37,000. Adirondack Trust Co. boosted its position in shares of 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 valued at $41,000 after acquiring an additional 328 shares during the last quarter. Finally, First Horizon Advisors Inc. lifted its position in iShares High Yield Bond Factor ETF by 76.4% in the third quarter. First Horizon Advisors Inc. now owns 905 shares of the company’s stock valued at $43,000 after buying an additional 392 shares during the last quarter.

iShares High Yield Bond Factor ETF Stock Up 1.3 %

BATS HYDB opened at $47.52 on Monday. The firm’s 50-day moving average is $47.27 and its two-hundred day moving average is $47.45. iShares High Yield Bond Factor ETF has a 12 month low of $49.60 and a 12 month high of $51.73.

iShares High Yield Bond Factor ETF Increases Dividend

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

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.