Cornerstone Planning Group LLC Raises Stake in iShares High Yield Bond Factor ETF (BATS:HYDB)

Cornerstone Planning Group LLC grew its holdings in iShares High Yield Bond Factor ETF (BATS:HYDB) by 9.0% in the 3rd quarter, HoldingsChannel reports. The firm owned 301,461 shares of the company’s stock after buying an additional 24,892 shares during the quarter. iShares High Yield Bond Factor ETF comprises approximately 3.1% of Cornerstone Planning Group LLC’s holdings, making the stock its 8th largest holding. Cornerstone Planning Group LLC’s holdings in iShares High Yield Bond Factor ETF were worth $14,334,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the business. Avantax Advisory Services Inc. bought a new stake in shares of iShares High Yield Bond Factor ETF in the 1st quarter valued at about $449,000. GM Advisory Group LLC acquired a new stake in iShares High Yield Bond Factor ETF in the first quarter valued at approximately $964,000. Balanced Rock Investment Advisors LLC purchased a new position in iShares High Yield Bond Factor ETF in the first quarter worth $219,000. Sax Wealth Advisors LLC acquired a new stake in shares of iShares High Yield Bond Factor ETF in the 1st quarter worth $396,000. Finally, Captrust Financial Advisors purchased a new stake in iShares High Yield Bond Factor ETF in the first quarter valued at about $28,429,000.

iShares High Yield Bond Factor ETF Stock Down 0.5 %

Shares of iShares High Yield Bond Factor ETF stock opened at $47.54 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 company has a 50 day moving average price of $47.60 and a 200 day moving average price of $46.99.

iShares High Yield Bond Factor ETF Increases Dividend

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

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.