Envestnet Asset Management Inc. Buys 64,834 Shares of iShares High Yield Bond Factor ETF (BATS:HYDB)

Envestnet Asset Management Inc. grew its holdings in shares of iShares High Yield Bond Factor ETF (BATS:HYDB) by 12.5% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 582,228 shares of the company’s stock after buying an additional 64,834 shares during the period. Envestnet Asset Management Inc. owned approximately 4.73% of iShares High Yield Bond Factor ETF worth $27,039,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HYDB. Arden Trust Co acquired a new position in shares of iShares High Yield Bond Factor ETF during the first quarter valued at about $9,199,000. Private Advisor Group LLC bought a new stake in shares of iShares High Yield Bond Factor ETF during the first quarter worth about $1,974,000. Dynamic Advisor Solutions LLC increased its position in shares of iShares High Yield Bond Factor ETF by 77.1% during the second quarter. Dynamic Advisor Solutions LLC now owns 12,928 shares of the company’s stock worth $600,000 after acquiring an additional 5,627 shares in the last quarter. Janney Montgomery Scott LLC bought a new stake in shares of iShares High Yield Bond Factor ETF during the fourth quarter worth about $1,167,000. Finally, Raymond James Financial Services Advisors Inc. increased its position in shares of iShares High Yield Bond Factor ETF by 6.5% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 225,689 shares of the company’s stock worth $10,481,000 after acquiring an additional 13,747 shares in the last quarter.

iShares High Yield Bond Factor ETF Price Performance

BATS:HYDB opened at $48.01 on Friday. The firm has a 50-day moving average of $47.19 and a 200-day moving average of $46.64. iShares High Yield Bond Factor ETF has a one year low of $49.60 and a one year high of $51.73.

iShares High Yield Bond Factor ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, September 3rd were given a $0.2779 dividend. This is an increase from iShares High Yield Bond Factor ETF’s previous dividend of $0.28. The ex-dividend date of this dividend was Tuesday, September 3rd.

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.