FlexShares High Yield Value-Scored Bond Index Fund (NYSEARCA:HYGV) Trading 0.2% Higher – Still a Buy?

FlexShares High Yield Value-Scored Bond Index Fund (NYSEARCA:HYGV) shares traded up 0.2% on Tuesday . The stock traded as high as $41.25 and last traded at $41.23. 129,066 shares were traded during trading, a decline of 29% from the average session volume of 181,640 shares. The stock had previously closed at $41.16.

FlexShares High Yield Value-Scored Bond Index Fund Stock Up 0.2 %

The business’s 50 day simple moving average is $41.26 and its two-hundred day simple moving average is $40.87.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Horizon Bancorp Inc. IN grew its holdings in FlexShares High Yield Value-Scored Bond Index Fund by 51.3% during the third quarter. Horizon Bancorp Inc. IN now owns 113,271 shares of the company’s stock valued at $4,719,000 after purchasing an additional 38,387 shares during the period. OLD Mission Capital LLC bought a new position in shares of FlexShares High Yield Value-Scored Bond Index Fund in the first quarter worth approximately $3,505,000. First United Bank & Trust increased its holdings in shares of FlexShares High Yield Value-Scored Bond Index Fund by 9.0% in the 3rd quarter. First United Bank & Trust now owns 62,630 shares of the company’s stock worth $2,609,000 after buying an additional 5,157 shares during the last quarter. Mount Lucas Management LP lifted its stake in FlexShares High Yield Value-Scored Bond Index Fund by 4.7% during the third quarter. Mount Lucas Management LP now owns 43,329 shares of the company’s stock worth $1,805,000 after purchasing an additional 1,930 shares during the last quarter. Finally, Clear Point Advisors Inc. boosted its stake in FlexShares High Yield Value-Scored Bond Index Fund by 15.8% in the second quarter. Clear Point Advisors Inc. now owns 15,326 shares of the company’s stock worth $619,000 after buying an additional 2,086 shares in the last quarter.

About FlexShares High Yield Value-Scored Bond Index Fund

The FlexShares High Yield Value-Scored Bond Index Fund (HYGV) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks a proprietary fundamental-weighted index of USD-denominated high-yield corporate bonds selected based on value, credit, and liquidity. HYGV was launched on Jul 17, 2018 and is managed by FlexShares.