Northwestern Mutual Wealth Management Co. Makes New $29,000 Investment in iShares Yield Optimized Bond ETF (NYSEARCA:BYLD)

Northwestern Mutual Wealth Management Co. acquired a new stake in shares of iShares Yield Optimized Bond ETF (NYSEARCA:BYLD) in the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 1,322 shares of the company’s stock, valued at approximately $29,000.

A number of other institutional investors and hedge funds have also made changes to their positions in BYLD. Redhawk Wealth Advisors Inc. acquired a new position in iShares Yield Optimized Bond ETF in the second quarter valued at $11,127,000. Raymond James & Associates lifted its stake in shares of iShares Yield Optimized Bond ETF by 13.1% in the 2nd quarter. Raymond James & Associates now owns 224,459 shares of the company’s stock valued at $4,979,000 after purchasing an additional 25,984 shares in the last quarter. Commonwealth Equity Services LLC lifted its stake in shares of iShares Yield Optimized Bond ETF by 164.6% in the 2nd quarter. Commonwealth Equity Services LLC now owns 27,311 shares of the company’s stock valued at $606,000 after purchasing an additional 16,988 shares in the last quarter. Private Advisor Group LLC purchased a new stake in shares of iShares Yield Optimized Bond ETF during the 1st quarter worth about $342,000. Finally, Birchcreek Wealth Management LLC increased its position in iShares Yield Optimized Bond ETF by 36.8% during the 2nd quarter. Birchcreek Wealth Management LLC now owns 54,687 shares of the company’s stock worth $1,213,000 after purchasing an additional 14,711 shares in the last quarter.

iShares Yield Optimized Bond ETF Price Performance

Shares of BYLD stock opened at $22.62 on Monday. iShares Yield Optimized Bond ETF has a fifty-two week low of $20.90 and a fifty-two week high of $22.97. The firm’s 50 day moving average price is $22.69 and its two-hundred day moving average price is $22.35.

iShares Yield Optimized Bond ETF Profile

The iShares Yield Optimized Bond ETF (BYLD) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is a fund-of-funds that tracks a broad index of debt securities optimized for yield and mean variance. BYLD was launched on Apr 22, 2014 and is managed by BlackRock.