iShares High Yield Bond Factor ETF (BATS:HYDB) Announces Dividend Increase – $0.33 Per Share

iShares High Yield Bond Factor ETF (BATS:HYDB) announced a dividend on Thursday, March 28th, NASDAQ reports. Stockholders of record on Tuesday, April 2nd will be paid a dividend of 0.3264 per share on Friday, April 5th. The ex-dividend date of this dividend is 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 Stock Performance

BATS:HYDB traded down $0.07 during trading hours on Friday, reaching $46.72. The stock had a trading volume of 123,803 shares. The company has a 50 day moving average price of $46.37 and a two-hundred day moving average price of $45.36. iShares High Yield Bond Factor ETF has a 52 week low of $49.60 and a 52 week high of $51.73.

Hedge Funds Weigh In On iShares High Yield Bond Factor ETF

Several large investors have recently modified their holdings of the stock. Flow Traders U.S. LLC boosted its stake in shares of iShares High Yield Bond Factor ETF by 55.1% during the 1st quarter. Flow Traders U.S. LLC now owns 17,073 shares of the company’s stock worth $832,000 after purchasing an additional 6,068 shares during the period. Commonwealth Equity Services LLC lifted its stake in iShares High Yield Bond Factor ETF by 12.5% in the first quarter. Commonwealth Equity Services LLC now owns 6,261 shares of the company’s stock worth $279,000 after purchasing an additional 698 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in shares of iShares High Yield Bond Factor ETF by 27.3% during the first quarter. Envestnet Asset Management Inc. now owns 19,415 shares of the company’s stock valued at $867,000 after buying an additional 4,160 shares during the period. MML Investors Services LLC bought a new position in shares of iShares High Yield Bond Factor ETF during the first quarter valued at approximately $3,344,000. Finally, Advisory Resource Group purchased a new stake in shares of iShares High Yield Bond Factor ETF in the first quarter worth approximately $3,672,000.

iShares High Yield Bond Factor ETF Company 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.