Thrivent Financial for Lutherans Trims Holdings in iShares High Yield Bond Factor ETF (BATS:HYDB)

Thrivent Financial for Lutherans decreased its stake in shares of iShares High Yield Bond Factor ETF (BATS:HYDB) by 14.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 18,482 shares of the company’s stock after selling 3,110 shares during the quarter. Thrivent Financial for Lutherans’ holdings in iShares High Yield Bond Factor ETF were worth $883,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Manning & Napier Advisors LLC bought a new position in shares of iShares High Yield Bond Factor ETF during the 4th quarter valued at $19,723,000. Envestnet Portfolio Solutions Inc. grew its position in shares of iShares High Yield Bond Factor ETF by 1,572.9% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 329,048 shares of the company’s stock worth $15,469,000 after purchasing an additional 309,379 shares in the last quarter. State of New Jersey Common Pension Fund D raised its position in shares of iShares High Yield Bond Factor ETF by 19.7% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 1,213,120 shares of the company’s stock valued at $57,029,000 after buying an additional 200,000 shares during the last quarter. Dahring Cusmano LLC bought a new position in shares of iShares High Yield Bond Factor ETF during the 4th quarter valued at about $7,820,000. Finally, Wealthspire Advisors LLC boosted its stake in iShares High Yield Bond Factor ETF by 12.6% during the fourth quarter. Wealthspire Advisors LLC now owns 1,188,263 shares of the company’s stock valued at $55,860,000 after buying an additional 133,293 shares during the last quarter.

iShares High Yield Bond Factor ETF Price Performance

HYDB stock opened at $46.87 on Wednesday. iShares High Yield Bond Factor ETF has a fifty-two week low of $45.51 and a fifty-two week high of $48.10. The firm has a fifty day moving average price of $47.37 and a 200 day moving average price of $47.45.

iShares High Yield Bond Factor ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were given a dividend of $0.234 per share. The ex-dividend date of this dividend was Monday, March 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.