Summit Wealth Partners LLC Boosts Stake in iShares High Yield Bond Factor ETF (BATS:HYDB)

Summit Wealth Partners LLC grew its holdings in iShares High Yield Bond Factor ETF (BATS:HYDB) by 48.5% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 10,537 shares of the company’s stock after buying an additional 3,441 shares during the period. Summit Wealth Partners LLC’s holdings in iShares High Yield Bond Factor ETF were worth $489,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Kestra Investment Management LLC acquired a new position in iShares High Yield Bond Factor ETF in the second quarter valued at about $14,412,000. Cetera Investment Advisers lifted its holdings in shares of iShares High Yield Bond Factor ETF by 58.1% in the 2nd quarter. Cetera Investment Advisers now owns 318,093 shares of the company’s stock worth $14,772,000 after acquiring an additional 116,880 shares during the last quarter. Ascent Group LLC boosted its position in shares of iShares High Yield Bond Factor ETF by 6.8% during the 2nd quarter. Ascent Group LLC now owns 4,622 shares of the company’s stock worth $215,000 after purchasing an additional 293 shares during the period. GM Advisory Group LLC increased its holdings in iShares High Yield Bond Factor ETF by 318.0% in the 2nd quarter. GM Advisory Group LLC now owns 86,208 shares of the company’s stock valued at $4,003,000 after purchasing an additional 65,585 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV purchased a new stake in iShares High Yield Bond Factor ETF in the second quarter valued at approximately $746,000.

iShares High Yield Bond Factor ETF Stock Performance

HYDB opened at $47.77 on Wednesday. iShares High Yield Bond Factor ETF has a 52 week low of $49.60 and a 52 week high of $51.73. The business has a fifty day simple moving average of $47.31 and a 200-day simple moving average of $46.71.

iShares High Yield Bond Factor ETF Increases Dividend

The company also recently announced a dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, September 3rd were issued a dividend of $0.2779 per share. This is a boost from iShares High Yield Bond Factor ETF’s previous dividend of $0.28. The ex-dividend date was Tuesday, September 3rd.

iShares High Yield Bond Factor ETF 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.