Asset Management Group Inc. Lowers Stake in iShares Yield Optimized Bond ETF (NYSEARCA:BYLD)

Asset Management Group Inc. lowered its holdings in iShares Yield Optimized Bond ETF (NYSEARCA:BYLD) by 10.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 49,717 shares of the company’s stock after selling 6,111 shares during the period. Asset Management Group Inc.’s holdings in iShares Yield Optimized Bond ETF were worth $1,140,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BYLD. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of iShares Yield Optimized Bond ETF during the 2nd quarter valued at $29,000. Darwin Wealth Management LLC purchased a new position in shares of iShares Yield Optimized Bond ETF in the 3rd quarter worth about $85,000. Altman Advisors Inc. lifted its stake in shares of iShares Yield Optimized Bond ETF by 18.5% in the 2nd quarter. Altman Advisors Inc. now owns 14,625 shares of the company’s stock valued at $324,000 after purchasing an additional 2,287 shares in the last quarter. Stonebridge Capital Advisors LLC grew its holdings in shares of iShares Yield Optimized Bond ETF by 13.9% during the 1st quarter. Stonebridge Capital Advisors LLC now owns 14,980 shares of the company’s stock worth $335,000 after purchasing an additional 1,830 shares during the period. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its position in iShares Yield Optimized Bond ETF by 80.0% during the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 16,988 shares of the company’s stock worth $377,000 after purchasing an additional 7,550 shares in the last quarter.

iShares Yield Optimized Bond ETF Stock Performance

NYSEARCA BYLD opened at $22.43 on Friday. iShares Yield Optimized Bond ETF has a one year low of $21.68 and a one year high of $22.97. The company’s 50 day moving average price is $22.63 and its 200 day moving average price is $22.44.

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.