Absolute Capital Management LLC Makes New Investment in iShares High Yield Bond Factor ETF (BATS:HYDB)

Absolute Capital Management LLC purchased a new position in shares of iShares High Yield Bond Factor ETF (BATS:HYDB) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 4,805 shares of the company’s stock, valued at approximately $222,000. Absolute Capital Management LLC owned 0.12% of iShares High Yield Bond Factor ETF at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. BKM Wealth Management LLC acquired a new stake in shares of iShares High Yield Bond Factor ETF during the fourth quarter worth about $33,000. NBC Securities Inc. acquired a new stake in shares of iShares High Yield Bond Factor ETF during the third quarter worth about $52,000. AdvisorNet Financial Inc acquired a new stake in shares of iShares High Yield Bond Factor ETF during the fourth quarter worth about $58,000. Creative Financial Designs Inc. ADV acquired a new stake in shares of iShares High Yield Bond Factor ETF during the fourth quarter worth about $61,000. Finally, Bay Harbor Wealth Management LLC acquired a new stake in shares of iShares High Yield Bond Factor ETF during the fourth quarter worth about $103,000.

iShares High Yield Bond Factor ETF Price Performance

Shares of iShares High Yield Bond Factor ETF stock opened at $46.13 on Friday. The business’s 50 day simple moving average is $46.23 and its 200 day simple moving average is $45.65. iShares High Yield Bond Factor ETF has a 52-week low of $49.60 and a 52-week high of $51.73.

iShares High Yield Bond Factor ETF Increases Dividend

The company also recently announced a dividend, which was paid on Friday, April 5th. Investors of record on Tuesday, April 2nd were given a $0.3264 dividend. The ex-dividend date of this dividend was Monday, April 1st. This is a positive change from iShares High Yield Bond Factor ETF’s previous dividend of $0.29.

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.