AE Wealth Management LLC Sells 1,678 Shares of iShares High Yield Bond Factor ETF (BATS:HYDB)

AE Wealth Management LLC decreased its position in iShares High Yield Bond Factor ETF (BATS:HYDB) by 24.6% during the second quarter, HoldingsChannel.com reports. The firm owned 5,136 shares of the company’s stock after selling 1,678 shares during the quarter. AE Wealth Management LLC’s holdings in iShares High Yield Bond Factor ETF were worth $239,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Bank of New York Mellon Corp boosted its stake in iShares High Yield Bond Factor ETF by 3.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 9,273 shares of the company’s stock worth $431,000 after purchasing an additional 285 shares in the last quarter. Absolute Capital Management LLC lifted its stake in iShares High Yield Bond Factor ETF by 9.8% during the 1st quarter. Absolute Capital Management LLC now owns 5,274 shares of the company’s stock valued at $246,000 after acquiring an additional 469 shares during the period. Watershed Private Wealth LLC lifted its stake in iShares High Yield Bond Factor ETF by 5.5% during the 2nd quarter. Watershed Private Wealth LLC now owns 9,186 shares of the company’s stock valued at $427,000 after acquiring an additional 478 shares during the period. Continuum Advisory LLC lifted its stake in iShares High Yield Bond Factor ETF by 1.5% during the 2nd quarter. Continuum Advisory LLC now owns 34,775 shares of the company’s stock valued at $1,615,000 after acquiring an additional 508 shares during the period. Finally, Larson Financial Group LLC bought a new position in iShares High Yield Bond Factor ETF during the 2nd quarter valued at about $25,000.

iShares High Yield Bond Factor ETF Stock Performance

HYDB opened at $48.03 on Friday. The company’s 50-day simple moving average is $47.29 and its two-hundred day simple moving average is $46.69. 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 business also recently announced a dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, September 3rd were paid a dividend of $0.2779 per share. The ex-dividend date was Tuesday, September 3rd. This is a boost from iShares High Yield Bond Factor ETF’s previous dividend of $0.28.

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.