Modern Wealth Management LLC Makes New Investment in iShares Yield Optimized Bond ETF $BYLD

Modern Wealth Management LLC acquired a new stake in shares of iShares Yield Optimized Bond ETF (NYSEARCA:BYLD) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 116,175 shares of the company’s stock, valued at approximately $2,623,000.

A number of other hedge funds have also recently modified their holdings of the business. Arax Advisory Partners bought a new stake in shares of iShares Yield Optimized Bond ETF during the 4th quarter valued at $25,000. Advisory Services Network LLC bought a new position in shares of iShares Yield Optimized Bond ETF in the 3rd quarter worth about $37,000. Darwin Wealth Management LLC bought a new position in shares of iShares Yield Optimized Bond ETF in the 2nd quarter worth about $47,000. NBC Securities Inc. purchased a new position in iShares Yield Optimized Bond ETF during the 4th quarter valued at about $51,000. Finally, Kestra Advisory Services LLC purchased a new position in iShares Yield Optimized Bond ETF during the 4th quarter valued at about $130,000.

iShares Yield Optimized Bond ETF Price Performance

NYSEARCA:BYLD opened at $22.30 on Friday. The firm has a market capitalization of $447.12 million, a P/E ratio of 10.76 and a beta of 0.27. iShares Yield Optimized Bond ETF has a one year low of $22.26 and a one year high of $23.14. The company’s 50-day simple moving average is $22.53 and its 200 day simple moving average is $22.66.

iShares Yield Optimized Bond ETF Company 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.