Meridian Wealth Management LLC Buys 432 Shares of iShares High Yield Bond Factor ETF (BATS:HYDB)

Meridian Wealth Management LLC lifted its stake in iShares High Yield Bond Factor ETF (BATS:HYDB) by 7.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,461 shares of the company’s stock after acquiring an additional 432 shares during the period. Meridian Wealth Management LLC owned 0.05% of iShares High Yield Bond Factor ETF worth $304,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. SWAN Capital LLC acquired a new position in iShares High Yield Bond Factor ETF during the 3rd quarter valued at about $25,000. Retirement Wealth Solutions LLC acquired a new position in iShares High Yield Bond Factor ETF during the 4th quarter valued at about $29,000. Synergy Asset Management LLC acquired a new position in iShares High Yield Bond Factor ETF during the 4th quarter valued at about $37,000. Adirondack Trust Co. increased its position in iShares High Yield Bond Factor ETF by 59.2% during the 4th quarter. Adirondack Trust Co. now owns 882 shares of the company’s stock valued at $41,000 after buying an additional 328 shares in the last quarter. Finally, First Horizon Advisors Inc. increased its position in iShares High Yield Bond Factor ETF by 76.4% during the 3rd quarter. First Horizon Advisors Inc. now owns 905 shares of the company’s stock valued at $43,000 after buying an additional 392 shares in the last quarter.

iShares High Yield Bond Factor ETF Stock Up 1.2 %

Shares of BATS:HYDB opened at $47.48 on Thursday. The business’s 50-day moving average is $47.34 and its 200 day moving average is $47.49. iShares High Yield Bond Factor ETF has a 1 year low of $49.60 and a 1 year high of $51.73.

iShares High Yield Bond Factor ETF Cuts Dividend

The firm also recently announced a dividend, which will be paid on Thursday, March 6th. Investors of record on Monday, March 3rd will be given a dividend of $0.234 per share. The ex-dividend date of this dividend is Monday, March 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.