HighTower Advisors LLC Has $1.01 Million Stock Position in iShares High Yield Bond Factor ETF (BATS:HYDB)

HighTower Advisors LLC lifted its stake in shares of iShares High Yield Bond Factor ETF (BATS:HYDB) by 26.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,461 shares of the company’s stock after purchasing an additional 4,504 shares during the period. HighTower Advisors LLC owned 0.17% of iShares High Yield Bond Factor ETF worth $1,009,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. SWAN Capital LLC bought a new stake in iShares High Yield Bond Factor ETF during the third quarter worth $25,000. Retirement Wealth Solutions LLC acquired a new position in shares of iShares High Yield Bond Factor ETF during the 4th quarter worth about $29,000. Synergy Asset Management LLC bought a new stake in shares of iShares High Yield Bond Factor ETF in the 4th quarter valued at about $37,000. Adirondack Trust Co. lifted its stake in iShares High Yield Bond Factor ETF by 59.2% in the 4th quarter. Adirondack Trust Co. now owns 882 shares of the company’s stock valued at $41,000 after purchasing an additional 328 shares during the last quarter. Finally, Spire Wealth Management grew its holdings in iShares High Yield Bond Factor ETF by 107.7% during the fourth quarter. Spire Wealth Management now owns 1,101 shares of the company’s stock worth $52,000 after purchasing an additional 571 shares during the period.

iShares High Yield Bond Factor ETF Stock Performance

BATS:HYDB opened at $47.22 on Thursday. iShares High Yield Bond Factor ETF has a 12-month low of $45.51 and a 12-month high of $48.10. The stock’s 50 day moving average price is $47.40 and its two-hundred day moving average price is $47.46.

iShares High Yield Bond Factor ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were paid a $0.234 dividend. The ex-dividend date of this dividend was Monday, March 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.