Horizon Wealth Management LLC lowered its position in iShares Yield Optimized Bond ETF (NYSEARCA:BYLD – Free Report) by 32.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,695,380 shares of the company’s stock after selling 816,154 shares during the period. iShares Yield Optimized Bond ETF accounts for about 4.6% of Horizon Wealth Management LLC’s holdings, making the stock its 4th biggest position. Horizon Wealth Management LLC owned approximately 8.76% of iShares Yield Optimized Bond ETF worth $36,518,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Partners Wealth Management LLC raised its position in shares of iShares Yield Optimized Bond ETF by 7.0% during the third quarter. Partners Wealth Management LLC now owns 53,613 shares of the company’s stock worth $1,155,000 after purchasing an additional 3,520 shares during the period. SYM FINANCIAL Corp acquired a new stake in iShares Yield Optimized Bond ETF in the 3rd quarter valued at $430,000. Argyle Capital Partners LLC increased its stake in iShares Yield Optimized Bond ETF by 75.2% during the 3rd quarter. Argyle Capital Partners LLC now owns 28,820 shares of the company’s stock valued at $621,000 after purchasing an additional 12,370 shares in the last quarter. Fifth Third Securities Inc. bought a new stake in iShares Yield Optimized Bond ETF during the 3rd quarter valued at $1,814,000. Finally, Arlington Financial Advisors LLC increased its stake in iShares Yield Optimized Bond ETF by 534.7% during the 3rd quarter. Arlington Financial Advisors LLC now owns 73,280 shares of the company’s stock valued at $1,578,000 after purchasing an additional 61,735 shares in the last quarter.
iShares Yield Optimized Bond ETF Trading Down 0.0%
BYLD opened at $21.87 on Friday. The company’s fifty day moving average price is $21.84 and its two-hundred day moving average price is $22.41. iShares Yield Optimized Bond ETF has a 1-year low of $21.39 and a 1-year high of $23.06. The company has a market cap of $423.18 million, a price-to-earnings ratio of 10.76 and a beta of 0.28.
iShares Yield Optimized Bond ETF Profile
The iShares Yield Optimized Bond ETF (BYLD) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is a fund-of-funds that tracks a broad index of debt securities optimized for yield and mean variance. BYLD was launched on Apr 22, 2014 and is managed by BlackRock.
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