iShares High Yield Bond Factor ETF (BATS:HYDB) Hits New 52-Week 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 $47.39 and last traded at $47.53, with a volume of 245127 shares. The stock had previously closed at $47.43.

iShares High Yield Bond Factor ETF Stock Up 0.2 %

The company has a 50 day moving average of $47.61 and a 200-day moving average of $47.03.

iShares High Yield Bond Factor ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, September 3rd were paid a $0.2779 dividend. This is a positive change from iShares High Yield Bond Factor ETF’s previous dividend of $0.28. The ex-dividend date was Tuesday, September 3rd.

Hedge Funds Weigh In On iShares High Yield Bond Factor ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Larson Financial Group LLC purchased a new position in iShares High Yield Bond Factor ETF during the second quarter valued at $25,000. SWAN Capital LLC purchased a new position in shares of iShares High Yield Bond Factor ETF in the 3rd quarter worth about $25,000. Concourse Financial Group Securities Inc. boosted its stake in iShares High Yield Bond Factor ETF by 336.2% in the 3rd quarter. Concourse Financial Group Securities Inc. now owns 759 shares of the company’s stock worth $36,000 after purchasing an additional 585 shares in the last quarter. First Horizon Advisors Inc. grew its position in iShares High Yield Bond Factor ETF by 76.4% during the 3rd quarter. First Horizon Advisors Inc. now owns 905 shares of the company’s stock valued at $43,000 after purchasing an additional 392 shares during the last quarter. Finally, Family Asset Management LLC bought a new stake in iShares High Yield Bond Factor ETF during the 2nd quarter valued at 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.