Veridan Wealth LLC Takes Position in iShares High Yield Bond Factor ETF (BATS:HYDB)

Veridan Wealth LLC acquired a new stake in iShares High Yield Bond Factor ETF (BATS:HYDB) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 47,126 shares of the company’s stock, valued at approximately $2,224,000.

Several other institutional investors also recently modified their holdings of the business. Arkadios Wealth Advisors lifted its position in shares of iShares High Yield Bond Factor ETF by 42.9% during the 3rd quarter. Arkadios Wealth Advisors now owns 8,954 shares of the company’s stock valued at $430,000 after buying an additional 2,686 shares during the last quarter. US Bancorp DE raised its position in iShares High Yield Bond Factor ETF by 12.0% in the 3rd quarter. US Bancorp DE now owns 9,537 shares of the company’s stock worth $458,000 after purchasing an additional 1,023 shares during the period. Summit Wealth Partners LLC grew its position in iShares High Yield Bond Factor ETF by 158.7% during the 3rd quarter. Summit Wealth Partners LLC now owns 27,254 shares of the company’s stock worth $1,310,000 after acquiring an additional 16,717 shares during the last quarter. Creative Financial Designs Inc. ADV increased its position in shares of iShares High Yield Bond Factor ETF by 207,756.0% in the third quarter. Creative Financial Designs Inc. ADV now owns 103,928 shares of the company’s stock valued at $4,995,000 after acquiring an additional 103,878 shares during the period. Finally, TFB Advisors LLC bought a new position in shares of iShares High Yield Bond Factor ETF during the third quarter valued at approximately $335,000.

iShares High Yield Bond Factor ETF Stock Performance

BATS HYDB opened at $47.65 on Friday. The stock’s 50 day moving average is $47.30 and its 200 day moving average is $47.46. iShares High Yield Bond Factor ETF has a twelve month low of $49.60 and a twelve month high of $51.73.

iShares High Yield Bond Factor ETF Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, February 6th. Investors of record on Monday, February 3rd were given a dividend of $0.2874 per share. The ex-dividend date of this dividend was Monday, February 3rd. This is an increase from iShares High Yield Bond Factor ETF’s previous dividend of $0.28.

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.