iShares High Yield Bond Factor ETF (BATS:HYDB) Sets New 12-Month Low – Should You Sell?

iShares High Yield Bond Factor ETF (BATS:HYDB)’s share price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $47.05 and last traded at $47.17, with a volume of 70851 shares trading hands. The stock had previously closed at $47.05.

iShares High Yield Bond Factor ETF Stock Performance

The company’s 50 day moving average price is $47.60 and its 200-day moving average price is $46.92.

iShares High Yield Bond Factor ETF Increases Dividend

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

Hedge Funds Weigh In On iShares High Yield Bond Factor ETF

A number of large investors have recently modified their holdings of HYDB. Private Advisor Group LLC purchased a new stake in iShares High Yield Bond Factor ETF in the 1st quarter worth approximately $1,974,000. Geneos Wealth Management Inc. purchased a new position in iShares High Yield Bond Factor ETF during the first quarter worth about $98,000. Wealthspire Advisors LLC purchased a new stake in shares of iShares High Yield Bond Factor ETF in the 1st quarter valued at about $1,978,000. Atomi Financial Group Inc. boosted its position in shares of iShares High Yield Bond Factor ETF by 199.0% during the 1st quarter. Atomi Financial Group Inc. now owns 54,116 shares of the company’s stock valued at $2,528,000 after acquiring an additional 36,016 shares during the last quarter. Finally, Thoroughbred Financial Services LLC grew its holdings in shares of iShares High Yield Bond Factor ETF by 11.9% during the first quarter. Thoroughbred Financial Services LLC now owns 25,549 shares of the company’s stock worth $1,193,000 after purchasing an additional 2,723 shares in 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.