CFS Investment Advisory Services LLC Invests $268,000 in iShares High Yield Bond Factor ETF (BATS:HYDB)

CFS Investment Advisory Services LLC acquired a new position in iShares High Yield Bond Factor ETF (BATS:HYDB) in the third quarter, Holdings Channel.com reports. The firm acquired 5,583 shares of the company’s stock, valued at approximately $268,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Larson Financial Group LLC purchased a new position in shares of iShares High Yield Bond Factor ETF in the 2nd quarter worth about $25,000. Concourse Financial Group Securities Inc. boosted its holdings in iShares High Yield Bond Factor ETF by 336.2% during the 3rd quarter. Concourse Financial Group Securities Inc. now owns 759 shares of the company’s stock valued at $36,000 after acquiring an additional 585 shares during the period. First Horizon Advisors Inc. boosted its holdings in iShares High Yield Bond Factor ETF by 76.4% during the 3rd quarter. First Horizon Advisors Inc. now owns 905 shares of the company’s stock valued at $43,000 after acquiring an additional 392 shares during the period. Family Asset Management LLC purchased a new stake in iShares High Yield Bond Factor ETF during the 2nd quarter valued at about $55,000. Finally, Mather Group LLC. boosted its holdings in iShares High Yield Bond Factor ETF by 120.3% during the 2nd quarter. Mather Group LLC. now owns 2,082 shares of the company’s stock valued at $97,000 after acquiring an additional 1,137 shares during the period.

iShares High Yield Bond Factor ETF Stock Performance

Shares of HYDB stock opened at $47.58 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 moving average of $47.62 and a 200 day moving average of $47.05.

iShares High Yield Bond Factor ETF Increases Dividend

The business also recently announced a dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, September 3rd were issued a dividend of $0.2779 per share. The ex-dividend date of this dividend was Tuesday, September 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.