iShares High Yield Bond Factor ETF (BATS:HYDB) Sets New 52-Week Low – Here’s What Happened

Shares of iShares High Yield Bond Factor ETF (BATS:HYDB) reached 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 changing hands. The stock had previously closed at $47.58.

iShares High Yield Bond Factor ETF Price Performance

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. Investors of record on Tuesday, September 3rd were issued a $0.2779 dividend. This is a boost from iShares High Yield Bond Factor ETF’s previous dividend of $0.28. The ex-dividend date of this dividend was Tuesday, September 3rd.

Hedge Funds Weigh In On iShares High Yield Bond Factor ETF

A number of institutional investors and hedge funds have recently modified their holdings of HYDB. Peapack Gladstone Financial Corp raised its position in shares of iShares High Yield Bond Factor ETF by 19.4% during the 3rd quarter. Peapack Gladstone Financial Corp now owns 6,150 shares of the company’s stock worth $296,000 after acquiring an additional 1,000 shares in the last quarter. World Investment Advisors LLC purchased a new position in iShares High Yield Bond Factor ETF in the third quarter valued at approximately $513,000. Sanctuary Advisors LLC acquired a new stake in iShares High Yield Bond Factor ETF during the third quarter worth approximately $4,202,000. Advisory Resource Group lifted its position in shares of iShares High Yield Bond Factor ETF by 9.5% during the 3rd quarter. Advisory Resource Group now owns 170,035 shares of the company’s stock worth $8,172,000 after buying an additional 14,776 shares during the last quarter. Finally, Glass Jacobson Investment Advisors llc boosted its holdings in shares of iShares High Yield Bond Factor ETF by 4.3% in the 3rd quarter. Glass Jacobson Investment Advisors llc now owns 7,662 shares of the company’s stock valued at $368,000 after buying an additional 316 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.