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

iShares High Yield Bond Factor ETF (BATS:HYDB)’s share price hit a new 52-week low during trading on Monday . The company traded as low as $47.16 and last traded at $47.52, with a volume of 162202 shares trading hands. The stock had previously closed at $46.91.

iShares High Yield Bond Factor ETF Stock Performance

The business has a 50 day moving average of $47.34 and a two-hundred day moving average of $47.49.

iShares High Yield Bond Factor ETF Cuts Dividend

The company also recently announced a dividend, which will be paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd will be given a dividend of $0.234 per share. The ex-dividend date is Monday, March 3rd.

Institutional Trading of iShares High Yield Bond Factor ETF

Several hedge funds have recently bought and sold shares of the business. Envestnet Asset Management Inc. raised its holdings in iShares High Yield Bond Factor ETF by 366.3% during the fourth quarter. Envestnet Asset Management Inc. now owns 2,680,702 shares of the company’s stock worth $126,020,000 after buying an additional 2,105,824 shares during the last quarter. LPL Financial LLC increased its position in shares of iShares High Yield Bond Factor ETF by 200.0% during the fourth quarter. LPL Financial LLC now owns 1,414,515 shares of the company’s stock worth $66,496,000 after acquiring an additional 943,005 shares in the last quarter. State of New Jersey Common Pension Fund D raised its holdings in shares of iShares High Yield Bond Factor ETF by 19.7% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 1,213,120 shares of the company’s stock worth $57,029,000 after acquiring an additional 200,000 shares during the last quarter. Wealthspire Advisors LLC lifted its position in iShares High Yield Bond Factor ETF by 12.6% in the 4th quarter. Wealthspire Advisors LLC now owns 1,188,263 shares of the company’s stock valued at $55,860,000 after acquiring an additional 133,293 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in iShares High Yield Bond Factor ETF by 129.0% during the 4th quarter. Ameriprise Financial Inc. now owns 676,319 shares of the company’s stock valued at $31,793,000 after purchasing an additional 381,021 shares during the last quarter.

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.