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

iShares High Yield Bond Factor ETF (BATS:HYDB) reached a new 52-week low on Monday . The stock traded as low as $47.16 and last traded at $47.13, with a volume of 162202 shares trading hands. The stock had previously closed at $46.91.

iShares High Yield Bond Factor ETF Stock Up 0.6 %

The firm has a 50 day moving average price of $47.37 and a two-hundred day moving average price of $47.38.

iShares High Yield Bond Factor ETF Increases Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, February 6th. Stockholders of record on Monday, February 3rd will be paid a $0.2874 dividend. This is a positive change from iShares High Yield Bond Factor ETF’s previous dividend of $0.28. The ex-dividend date is Monday, February 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 HYDB. Mather Group LLC. lifted its position in iShares High Yield Bond Factor ETF by 56.3% during the 3rd quarter. Mather Group LLC. now owns 3,254 shares of the company’s stock worth $156,000 after acquiring an additional 1,172 shares in the last quarter. JPMorgan Chase & Co. lifted its position in iShares High Yield Bond Factor ETF by 115.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 93,620 shares of the company’s stock worth $4,499,000 after acquiring an additional 50,116 shares in the last quarter. Foundations Investment Advisors LLC lifted its position in iShares High Yield Bond Factor ETF by 6.4% during the 3rd quarter. Foundations Investment Advisors LLC now owns 10,321 shares of the company’s stock worth $496,000 after acquiring an additional 624 shares in the last quarter. Apollon Wealth Management LLC lifted its position in iShares High Yield Bond Factor ETF by 17.3% during the 3rd quarter. Apollon Wealth Management LLC now owns 28,214 shares of the company’s stock worth $1,356,000 after acquiring an additional 4,163 shares in the last quarter. Finally, Merit Financial Group LLC acquired a new position in iShares High Yield Bond Factor ETF during the 4th quarter worth approximately $339,000.

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.