iShares High Yield Bond Factor ETF (BATS:HYDB) Hits New 1-Year Low – Here’s Why

iShares High Yield Bond Factor ETF (BATS:HYDB) reached a new 52-week low during trading on Monday . The company traded as low as $47.42 and last traded at $47.55, with a volume of 99616 shares traded. The stock had previously closed at $47.43.

iShares High Yield Bond Factor ETF Price Performance

The company has a 50-day simple moving average of $47.61 and a 200-day simple moving average of $46.88.

iShares High Yield Bond Factor ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, September 3rd were given 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 Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Larson Financial Group LLC acquired a new position in iShares High Yield Bond Factor ETF in the second quarter valued at approximately $25,000. Concourse Financial Group Securities Inc. grew its stake in shares of iShares High Yield Bond Factor ETF by 336.2% during the third quarter. Concourse Financial Group Securities Inc. now owns 759 shares of the company’s stock worth $36,000 after purchasing an additional 585 shares during the period. Family Asset Management LLC bought a new stake in iShares High Yield Bond Factor ETF in the second quarter valued at about $55,000. Mather Group LLC. lifted its stake in iShares High Yield Bond Factor ETF by 120.3% in the second quarter. Mather Group LLC. now owns 2,082 shares of the company’s stock valued at $97,000 after buying an additional 1,137 shares during the period. Finally, Geneos Wealth Management Inc. bought a new position in iShares High Yield Bond Factor ETF during the first quarter worth about $98,000.

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.