iShares High Yield Bond Factor ETF (BATS:HYDB) Reaches New 12-Month Low – Time to Sell?

iShares High Yield Bond Factor ETF (BATS:HYDB)’s stock price hit a new 52-week low during trading on Monday . The stock traded as low as $47.75 and last traded at $47.80, with a volume of 595458 shares trading hands. The stock had previously closed at $47.78.

iShares High Yield Bond Factor ETF Stock Performance

The stock’s fifty day moving average is $47.61 and its two-hundred day moving average is $47.00.

iShares High Yield Bond Factor ETF Increases Dividend

The company also recently declared a dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, September 3rd were issued a $0.2779 dividend. The ex-dividend date was Tuesday, September 3rd. This is a boost from iShares High Yield Bond Factor ETF’s previous dividend of $0.28.

Institutional Trading of iShares High Yield Bond Factor ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Larson Financial Group LLC purchased a new stake in iShares High Yield Bond Factor ETF during the second quarter valued at about $25,000. Concourse Financial Group Securities Inc. lifted its position in iShares High Yield Bond Factor ETF by 336.2% in the 3rd quarter. Concourse Financial Group Securities Inc. now owns 759 shares of the company’s stock worth $36,000 after buying an additional 585 shares during the last quarter. First Horizon Advisors Inc. boosted its stake in iShares High Yield Bond Factor ETF by 76.4% in the third quarter. First Horizon Advisors Inc. now owns 905 shares of the company’s stock worth $43,000 after buying an additional 392 shares in the last quarter. Family Asset Management LLC purchased a new stake in iShares High Yield Bond Factor ETF in the second quarter worth approximately $55,000. Finally, Mather Group LLC. grew its position in iShares High Yield Bond Factor ETF by 120.3% during the second quarter. Mather Group LLC. now owns 2,082 shares of the company’s stock valued at $97,000 after acquiring an additional 1,137 shares during the last quarter.

iShares High Yield Bond Factor ETF Company Profile

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.