iShares High Yield Bond Factor ETF (BATS:HYDB) Hits New 1-Year Low at $47.30

iShares High Yield Bond Factor ETF (BATS:HYDB) hit a new 52-week low during trading on Monday . The stock traded as low as $47.30 and last traded at $47.53, with a volume of 76933 shares traded. The stock had previously closed at $47.39.

iShares High Yield Bond Factor ETF Price Performance

The company’s 50-day moving average price is $47.00 and its 200 day moving average price is $46.55.

iShares High Yield Bond Factor ETF Increases Dividend

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Larson Financial Group LLC bought a new position in iShares High Yield Bond Factor ETF in the second quarter worth $25,000. Mather Group LLC. purchased a new position in iShares High Yield Bond Factor ETF during the 1st quarter valued at about $44,000. Family Asset Management LLC bought a new stake in iShares High Yield Bond Factor ETF during the second quarter worth about $55,000. Sunbelt Securities Inc. grew its holdings in iShares High Yield Bond Factor ETF by 76.7% in the first quarter. Sunbelt Securities Inc. now owns 1,825 shares of the company’s stock worth $85,000 after purchasing an additional 792 shares during the period. Finally, Geneos Wealth Management Inc. bought a new position in shares of iShares High Yield Bond Factor ETF during the first quarter valued at approximately $98,000.

About iShares High Yield Bond Factor ETF

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.