iShares High Yield Bond Factor ETF (BATS:HYDB) Reaches New 1-Year Low – Time to Sell?

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

iShares High Yield Bond Factor ETF Price Performance

The firm’s 50 day simple moving average is $47.61 and its 200-day simple moving average is $46.88.

iShares High Yield Bond Factor ETF Increases Dividend

The business also recently declared a dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, September 3rd were paid a $0.2779 dividend. 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 Investors Weigh In On iShares High Yield Bond Factor ETF

Large investors have recently made changes to their positions in the stock. Commonwealth Equity Services LLC grew its position in shares of iShares High Yield Bond Factor ETF by 293.2% in the 1st quarter. Commonwealth Equity Services LLC now owns 50,948 shares of the company’s stock valued at $2,380,000 after acquiring an additional 37,991 shares during the period. Private Advisor Group LLC bought a new position in iShares High Yield Bond Factor ETF during the first quarter worth about $1,974,000. Prosperity Consulting Group LLC acquired a new position in iShares High Yield Bond Factor ETF during the first quarter worth approximately $206,000. Absolute Capital Management LLC raised its stake in iShares High Yield Bond Factor ETF by 9.8% in the first quarter. Absolute Capital Management LLC now owns 5,274 shares of the company’s stock valued at $246,000 after buying an additional 469 shares during the period. Finally, Geneos Wealth Management Inc. acquired a new stake in shares of iShares High Yield Bond Factor ETF in the first quarter valued at approximately $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.