FlexShares High Yield Value-Scored Bond Index Fund (NYSEARCA:HYGV) Sees Strong Trading Volume

FlexShares High Yield Value-Scored Bond Index Fund (NYSEARCA:HYGV) shares saw unusually-high trading volume on Tuesday . Approximately 316,683 shares traded hands during trading, an increase of 56% from the previous session’s volume of 202,744 shares.The stock last traded at $40.00 and had previously closed at $40.08.

FlexShares High Yield Value-Scored Bond Index Fund Price Performance

The firm has a fifty day simple moving average of $40.76 and a 200 day simple moving average of $40.28.

FlexShares High Yield Value-Scored Bond Index Fund Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, April 5th. Shareholders of record on Tuesday, April 2nd were issued a $0.3101 dividend. This is a positive change from FlexShares High Yield Value-Scored Bond Index Fund’s previous dividend of $0.29. The ex-dividend date of this dividend was Monday, April 1st.

Institutional Trading of FlexShares High Yield Value-Scored Bond Index Fund

Several institutional investors have recently bought and sold shares of the business. Horizon Bancorp Inc. IN acquired a new stake in FlexShares High Yield Value-Scored Bond Index Fund in the fourth quarter valued at approximately $3,650,000. Fifth Third Securities Inc. boosted its stake in shares of FlexShares High Yield Value-Scored Bond Index Fund by 45.2% in the first quarter. Fifth Third Securities Inc. now owns 69,166 shares of the company’s stock worth $2,843,000 after acquiring an additional 21,523 shares during the last quarter. Financial Network Wealth Management LLC boosted its stake in shares of FlexShares High Yield Value-Scored Bond Index Fund by 3.2% in the fourth quarter. Financial Network Wealth Management LLC now owns 56,585 shares of the company’s stock worth $2,312,000 after acquiring an additional 1,734 shares during the last quarter. First United Bank & Trust boosted its stake in shares of FlexShares High Yield Value-Scored Bond Index Fund by 334.1% in the fourth quarter. First United Bank & Trust now owns 22,301 shares of the company’s stock worth $911,000 after acquiring an additional 17,164 shares during the last quarter. Finally, United Capital Financial Advisers LLC acquired a new stake in shares of FlexShares High Yield Value-Scored Bond Index Fund in the second quarter worth approximately $546,000.

About FlexShares High Yield Value-Scored Bond Index Fund

The FlexShares High Yield Value-Scored Bond Index Fund (HYGV) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks a proprietary fundamental-weighted index of USD-denominated high-yield corporate bonds selected based on value, credit, and liquidity. HYGV was launched on Jul 17, 2018 and is managed by FlexShares.