iShares High Yield Bond Factor ETF (BATS:HYDB) Sets New 12-Month Low – Should You Sell?

iShares High Yield Bond Factor ETF (BATS:HYDB)’s share price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $47.39 and last traded at $47.53, with a volume of 245127 shares changing hands. The stock had previously closed at $47.43.

iShares High Yield Bond Factor ETF Stock Up 0.2 %

The business’s 50 day moving average price is $47.61 and its 200-day moving average price is $47.03.

iShares High Yield Bond Factor ETF Increases Dividend

The company also recently disclosed 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 a positive change 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 Investors Weigh In On iShares High Yield Bond Factor ETF

Several large investors have recently added to or reduced their stakes in the company. Mather Group LLC. boosted its holdings in shares of iShares High Yield Bond Factor ETF by 56.3% in the third quarter. Mather Group LLC. now owns 3,254 shares of the company’s stock worth $156,000 after acquiring an additional 1,172 shares during the period. Dynamic Advisor Solutions LLC lifted its holdings in shares of iShares High Yield Bond Factor ETF by 77.1% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 12,928 shares of the company’s stock worth $600,000 after acquiring an additional 5,627 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in iShares High Yield Bond Factor ETF by 6.5% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 225,689 shares of the company’s stock valued at $10,481,000 after acquiring an additional 13,747 shares during the last quarter. GM Advisory Group LLC raised its position in iShares High Yield Bond Factor ETF by 318.0% during the second quarter. GM Advisory Group LLC now owns 86,208 shares of the company’s stock valued at $4,003,000 after purchasing an additional 65,585 shares in the last quarter. Finally, Family Asset Management LLC bought a new stake in iShares High Yield Bond Factor ETF during the second quarter worth about $55,000.

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.