Cornerstone Planning Group LLC Grows Stock Position in iShares High Yield Bond Factor ETF (BATS:HYDB)

Cornerstone Planning Group LLC increased its stake in shares of iShares High Yield Bond Factor ETF (BATS:HYDB) by 9.0% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 301,461 shares of the company’s stock after purchasing an additional 24,892 shares during the period. iShares High Yield Bond Factor ETF accounts for 3.1% of Cornerstone Planning Group LLC’s investment portfolio, making the stock its 8th largest position. Cornerstone Planning Group LLC owned about 2.45% of iShares High Yield Bond Factor ETF worth $14,334,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in HYDB. State of New Jersey Common Pension Fund D raised its position in iShares High Yield Bond Factor ETF by 102.6% during the second quarter. State of New Jersey Common Pension Fund D now owns 1,013,120 shares of the company’s stock valued at $47,049,000 after purchasing an additional 513,120 shares in the last quarter. Captrust Financial Advisors purchased a new stake in iShares High Yield Bond Factor ETF in the first quarter worth approximately $28,429,000. Assetmark Inc. grew its position in iShares High Yield Bond Factor ETF by 97.9% during the third quarter. Assetmark Inc. now owns 591,870 shares of the company’s stock valued at $28,445,000 after acquiring an additional 292,788 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in shares of iShares High Yield Bond Factor ETF by 12.5% during the second quarter. Envestnet Asset Management Inc. now owns 582,228 shares of the company’s stock worth $27,039,000 after acquiring an additional 64,834 shares in the last quarter. Finally, 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.

iShares High Yield Bond Factor ETF Stock Down 0.5 %

HYDB 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 firm’s fifty day moving average is $47.60 and its 200 day moving average is $46.99.

iShares High Yield Bond Factor ETF Increases Dividend

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

About iShares High Yield Bond Factor ETF

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.