IMA Wealth Inc. Has $11.61 Million Holdings in iShares High Yield Bond Factor ETF (BATS:HYDB)

IMA Wealth Inc. reduced its stake in shares of iShares High Yield Bond Factor ETF (BATS:HYDB) by 0.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 251,301 shares of the company’s stock after selling 1,497 shares during the period. iShares High Yield Bond Factor ETF comprises 5.8% of IMA Wealth Inc.’s investment portfolio, making the stock its 3rd biggest position. IMA Wealth Inc. owned approximately 6.06% of iShares High Yield Bond Factor ETF worth $11,610,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Armor Investment Advisors LLC lifted its stake in iShares High Yield Bond Factor ETF by 2.2% in the 3rd quarter. Armor Investment Advisors LLC now owns 16,818 shares of the company’s stock worth $739,000 after purchasing an additional 369 shares in the last quarter. Madrona Financial Services LLC lifted its stake in iShares High Yield Bond Factor ETF by 6.8% in the 4th quarter. Madrona Financial Services LLC now owns 6,165 shares of the company’s stock worth $285,000 after purchasing an additional 391 shares in the last quarter. BKM Wealth Management LLC purchased a new stake in iShares High Yield Bond Factor ETF in the 4th quarter worth approximately $33,000. NBC Securities Inc. purchased a new stake in iShares High Yield Bond Factor ETF in the 3rd quarter worth approximately $52,000. Finally, AdvisorNet Financial Inc purchased a new stake in iShares High Yield Bond Factor ETF in the 4th quarter worth approximately $58,000.

iShares High Yield Bond Factor ETF Stock Performance

BATS HYDB traded up $0.15 on Friday, hitting $46.13. The stock had a trading volume of 46,859 shares. The firm has a 50-day moving average of $46.23 and a 200-day moving average of $45.65. iShares High Yield Bond Factor ETF has a 52-week low of $49.60 and a 52-week high of $51.73.

iShares High Yield Bond Factor ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, April 5th. Stockholders of record on Tuesday, April 2nd were given a dividend of $0.3264 per share. The ex-dividend date of this dividend was Monday, April 1st. This is a boost from iShares High Yield Bond Factor ETF’s previous dividend of $0.29.

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.