Daviman Financial LLC Purchases New Holdings in iShares Yield Optimized Bond ETF $BYLD

Daviman Financial LLC purchased a new stake in iShares Yield Optimized Bond ETF (NYSEARCA:BYLD) in the 4th quarter, HoldingsChannel reports. The fund purchased 29,610 shares of the company’s stock, valued at approximately $674,000.

Several other hedge funds have also made changes to their positions in BYLD. Cetera Investment Advisers lifted its position in iShares Yield Optimized Bond ETF by 9.4% in the 2nd quarter. Cetera Investment Advisers now owns 11,153 shares of the company’s stock worth $252,000 after buying an additional 956 shares in the last quarter. JPMorgan Chase & Co. lifted its position in iShares Yield Optimized Bond ETF by 23.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 77,438 shares of the company’s stock worth $1,751,000 after buying an additional 14,948 shares in the last quarter. Darwin Wealth Management LLC purchased a new stake in iShares Yield Optimized Bond ETF in the 2nd quarter worth approximately $47,000. Jane Street Group LLC purchased a new stake in iShares Yield Optimized Bond ETF in the 2nd quarter worth approximately $336,000. Finally, Bank of America Corp DE lifted its position in iShares Yield Optimized Bond ETF by 0.7% in the 2nd quarter. Bank of America Corp DE now owns 311,939 shares of the company’s stock worth $7,053,000 after buying an additional 2,276 shares in the last quarter.

iShares Yield Optimized Bond ETF Stock Up 0.0%

BYLD stock opened at $22.51 on Friday. iShares Yield Optimized Bond ETF has a 12-month low of $22.11 and a 12-month high of $23.14. The company has a market cap of $384.92 million, a price-to-earnings ratio of 10.76 and a beta of 0.27. The company has a 50 day moving average of $22.56 and a two-hundred day moving average of $22.75.

About iShares Yield Optimized Bond ETF

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.