Riverchase Wealth Management LLC Makes New $348,000 Investment in iShares High Yield Bond Factor ETF (BATS:HYDB)

Riverchase Wealth Management LLC purchased a new position in iShares High Yield Bond Factor ETF (BATS:HYDB) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 7,411 shares of the company’s stock, valued at approximately $348,000. Riverchase Wealth Management LLC owned about 0.06% of iShares High Yield Bond Factor ETF as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. boosted its stake in iShares High Yield Bond Factor ETF by 371.2% in the fourth quarter. JPMorgan Chase & Co. now owns 441,120 shares of the company’s stock valued at $20,737,000 after acquiring an additional 347,500 shares during the period. Modern Wealth Management LLC acquired a new position in iShares High Yield Bond Factor ETF during the 4th quarter valued at approximately $1,336,000. LPL Financial LLC grew its stake in iShares High Yield Bond Factor ETF by 200.0% during the 4th quarter. LPL Financial LLC now owns 1,414,515 shares of the company’s stock worth $66,496,000 after buying an additional 943,005 shares during the last quarter. Mosley Wealth Management acquired a new stake in iShares High Yield Bond Factor ETF in the fourth quarter worth $361,000. Finally, SigFig Wealth Management LLC bought a new stake in iShares High Yield Bond Factor ETF in the fourth quarter valued at $517,000.

iShares High Yield Bond Factor ETF Stock Up 0.5 %

HYDB stock opened at $47.13 on Friday. The firm’s 50-day simple moving average is $47.40 and its 200 day simple moving average is $47.46. iShares High Yield Bond Factor ETF has a fifty-two week low of $45.51 and a fifty-two week high of $48.10.

iShares High Yield Bond Factor ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.234 per share. 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.