iShares High Yield Bond Factor ETF (BATS:HYDB) Sets New 12-Month Low – Here’s Why

iShares High Yield Bond Factor ETF (BATS:HYDB) shares hit a new 52-week low during mid-day trading on Monday . The company traded as low as $47.58 and last traded at $47.79, with a volume of 257788 shares. The stock had previously closed at $47.58.

iShares High Yield Bond Factor ETF Stock Up 0.3 %

The business has a 50 day simple moving average of $47.62 and a 200-day simple moving average of $47.09.

iShares High Yield Bond Factor ETF Increases Dividend

The company also recently announced a dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, September 3rd were paid a dividend of $0.2779 per share. The ex-dividend date of this dividend was Tuesday, September 3rd. This is an increase from iShares High Yield Bond Factor ETF’s previous dividend of $0.28.

Institutional Trading of iShares High Yield Bond Factor ETF

Hedge funds have recently made changes to their positions in the company. Comerica Bank raised its position in shares of iShares High Yield Bond Factor ETF by 417.4% during the 1st quarter. Comerica Bank now owns 2,856 shares of the company’s stock valued at $133,000 after buying an additional 2,304 shares during the period. Advisory Resource Group lifted its stake in shares of iShares High Yield Bond Factor ETF by 13.5% in the 1st quarter. Advisory Resource Group now owns 135,610 shares of the company’s stock valued at $6,336,000 after purchasing an additional 16,122 shares during the last quarter. Cetera Investment Advisers lifted its stake in shares of iShares High Yield Bond Factor ETF by 386.9% in the 1st quarter. Cetera Investment Advisers now owns 201,213 shares of the company’s stock valued at $9,401,000 after purchasing an additional 159,889 shares during the last quarter. Cetera Advisors LLC grew its holdings in shares of iShares High Yield Bond Factor ETF by 211.2% during the 1st quarter. Cetera Advisors LLC now owns 81,529 shares of the company’s stock worth $3,809,000 after purchasing an additional 55,330 shares during the period. Finally, Insight Wealth Strategies LLC lifted its position in iShares High Yield Bond Factor ETF by 0.9% in the second quarter. Insight Wealth Strategies LLC now owns 69,901 shares of the company’s stock valued at $3,246,000 after buying an additional 636 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.