iShares High Yield Bond Factor ETF (BATS:HYDB) Hits New 52-Week Low – What’s Next?

iShares High Yield Bond Factor ETF (BATS:HYDB)’s share price reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $47.16 and last traded at $47.62, with a volume of 162202 shares trading hands. The stock had previously closed at $46.91.

iShares High Yield Bond Factor ETF Trading Up 1.4 %

The business’s 50-day simple moving average is $47.37 and its 200-day simple moving average is $47.37.

Hedge Funds Weigh In On iShares High Yield Bond Factor ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Ascent Group LLC lifted its stake in shares of iShares High Yield Bond Factor ETF by 6.8% in the 2nd quarter. Ascent Group LLC now owns 4,622 shares of the company’s stock valued at $215,000 after purchasing an additional 293 shares during the period. Cetera Investment Advisers increased its holdings in iShares High Yield Bond Factor ETF by 58.1% in the second quarter. Cetera Investment Advisers now owns 318,093 shares of the company’s stock valued at $14,772,000 after purchasing an additional 116,880 shares during the last quarter. Summit Wealth Partners LLC lifted its stake in iShares High Yield Bond Factor ETF by 48.5% in the second quarter. Summit Wealth Partners LLC now owns 10,537 shares of the company’s stock valued at $489,000 after buying an additional 3,441 shares during the period. Mather Group LLC. boosted its holdings in iShares High Yield Bond Factor ETF by 56.3% during the third quarter. Mather Group LLC. now owns 3,254 shares of the company’s stock worth $156,000 after buying an additional 1,172 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC boosted its holdings in iShares High Yield Bond Factor ETF by 98.3% during the third quarter. Dynamic Advisor Solutions LLC now owns 25,640 shares of the company’s stock worth $1,232,000 after buying an additional 12,712 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.