Cranbrook Wealth Management LLC Purchases 2,013 Shares of iShares High Yield Bond Factor ETF (BATS:HYDB)

Cranbrook Wealth Management LLC lifted its position in iShares High Yield Bond Factor ETF (BATS:HYDB) by 99.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 4,034 shares of the company’s stock after purchasing an additional 2,013 shares during the quarter. Cranbrook Wealth Management LLC’s holdings in iShares High Yield Bond Factor ETF were worth $190,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of HYDB. Bank of New York Mellon Corp grew its position in shares of iShares High Yield Bond Factor ETF by 3.2% during the second 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. Envestnet Asset Management Inc. grew its holdings in iShares High Yield Bond Factor ETF by 12.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 582,228 shares of the company’s stock valued at $27,039,000 after buying an additional 64,834 shares in the last quarter. Mercer Global Advisors Inc. ADV bought a new stake in shares of iShares High Yield Bond Factor ETF during the second quarter valued at approximately $746,000. GM Advisory Group LLC lifted its holdings in shares of iShares High Yield Bond Factor ETF by 318.0% in the second quarter. GM Advisory Group LLC now owns 86,208 shares of the company’s stock worth $4,003,000 after buying an additional 65,585 shares in the last quarter. Finally, Ascent Group LLC boosted its position in shares of iShares High Yield Bond Factor ETF by 6.8% during the second quarter. Ascent Group LLC now owns 4,622 shares of the company’s stock worth $215,000 after acquiring an additional 293 shares during the last quarter.

iShares High Yield Bond Factor ETF Stock Up 1.1 %

HYDB opened at $47.43 on Friday. The company has a fifty day moving average of $47.38 and a 200 day moving average of $47.31. iShares High Yield Bond Factor ETF has a fifty-two week low of $49.60 and a fifty-two week high of $51.73.

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.