Kelly Financial Services LLC Makes New $3.77 Million Investment in iShares High Yield Bond Factor ETF (BATS:HYDB)

Kelly Financial Services LLC bought a new position in shares of iShares High Yield Bond Factor ETF (BATS:HYDB) in the fourth quarter, HoldingsChannel reports. The firm bought 80,181 shares of the company’s stock, valued at approximately $3,769,000. iShares High Yield Bond Factor ETF accounts for 1.1% of Kelly Financial Services LLC’s investment portfolio, making the stock its 28th largest holding.

A number of other institutional investors also recently modified their holdings of the company. SWAN Capital LLC bought a new stake in iShares High Yield Bond Factor ETF in the third quarter valued at $25,000. Retirement Wealth Solutions LLC purchased a new stake in shares of iShares High Yield Bond Factor ETF in the 4th quarter worth about $29,000. Concourse Financial Group Securities Inc. lifted its position in shares of iShares High Yield Bond Factor ETF by 336.2% in the 3rd quarter. Concourse Financial Group Securities Inc. now owns 759 shares of the company’s stock worth $36,000 after purchasing an additional 585 shares during the period. First Horizon Advisors Inc. increased its position in shares of iShares High Yield Bond Factor ETF by 76.4% during 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 period. Finally, Mather Group LLC. raised its stake in iShares High Yield Bond Factor ETF by 56.3% in the third quarter. Mather Group LLC. now owns 3,254 shares of the company’s stock worth $156,000 after buying an additional 1,172 shares in the last quarter.

iShares High Yield Bond Factor ETF Stock Performance

Shares of HYDB opened at $47.43 on Friday. The company has a 50-day simple moving average of $47.38 and a two-hundred day simple moving average of $47.32. iShares High Yield Bond Factor ETF has a one year low of $49.60 and a one year high of $51.73.

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.