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

Shares of iShares High Yield Bond Factor ETF (BATS:HYDB) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $47.16 and last traded at $47.38, with a volume of 162202 shares. The stock had previously closed at $46.91.

iShares High Yield Bond Factor ETF Price Performance

The company has a 50 day simple moving average of $47.32 and a 200-day simple moving average of $47.40.

iShares High Yield Bond Factor ETF Increases Dividend

The business also recently announced a dividend, which was paid on Thursday, February 6th. Investors of record on Monday, February 3rd were issued a dividend of $0.2874 per share. The ex-dividend date of this dividend was Monday, February 3rd. This is a boost from iShares High Yield Bond Factor ETF’s previous dividend of $0.28.

Institutional Investors Weigh In On iShares High Yield Bond Factor ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. SWAN Capital LLC purchased a new stake in shares of iShares High Yield Bond Factor ETF in the 3rd quarter worth about $25,000. Retirement Wealth Solutions LLC bought a new stake in iShares High Yield Bond Factor ETF during the 4th quarter valued at approximately $29,000. Concourse Financial Group Securities Inc. grew its holdings in shares of iShares High Yield Bond Factor ETF by 336.2% during the 3rd quarter. Concourse Financial Group Securities Inc. now owns 759 shares of the company’s stock worth $36,000 after acquiring an additional 585 shares during the period. Synergy Asset Management LLC bought a new position in shares of iShares High Yield Bond Factor ETF in the 4th quarter worth approximately $37,000. Finally, Adirondack Trust Co. boosted its position in shares of iShares High Yield Bond Factor ETF by 59.2% during the fourth quarter. Adirondack Trust Co. now owns 882 shares of the company’s stock valued at $41,000 after purchasing an additional 328 shares in the last quarter.

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.