Horizon Wealth Management LLC Sells 816,154 Shares of iShares Yield Optimized Bond ETF $BYLD

Horizon Wealth Management LLC decreased its stake in shares of iShares Yield Optimized Bond ETF (NYSEARCA:BYLD) by 32.5% during the 3rd quarter, Holdings Channel reports. 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 makes up about 4.6% of Horizon Wealth Management LLC’s portfolio, making the stock its 4th largest position. Horizon Wealth Management LLC owned about 0.09% of iShares Yield Optimized Bond ETF worth $36,518,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of BYLD. Envestnet Portfolio Solutions Inc. bought a new stake in iShares Yield Optimized Bond ETF during the second quarter worth $4,594,000. Modern Wealth Management LLC purchased a new position in iShares Yield Optimized Bond ETF during the 1st quarter worth $2,623,000. Fifth Third Securities Inc. purchased a new position in iShares Yield Optimized Bond ETF during the 3rd quarter worth $1,814,000. Cetera Investment Advisers grew its stake in shares of iShares Yield Optimized Bond ETF by 37.5% in the 1st quarter. Cetera Investment Advisers now owns 272,348 shares of the company’s stock worth $6,136,000 after acquiring an additional 74,285 shares in the last quarter. Finally, Members Trust Co grew its stake in shares of iShares Yield Optimized Bond ETF by 325.9% in the 1st quarter. Members Trust Co now owns 90,173 shares of the company’s stock worth $2,032,000 after acquiring an additional 69,000 shares in the last quarter.

iShares Yield Optimized Bond ETF Price Performance

Shares of BYLD stock opened at $21.87 on Friday. The firm has a 50-day moving average of $21.84 and a 200-day moving average of $22.41. The company has a market cap of $423.18 million, a P/E ratio of 10.76 and a beta of 0.28. iShares Yield Optimized Bond ETF has a one year low of $21.39 and a one year high of $23.06.

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.