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

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’s 50-day moving average is $47.62 and its two-hundred day moving average is $47.07.

iShares High Yield Bond Factor ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, September 3rd were given a $0.2779 dividend. 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

Several institutional investors and hedge funds have recently bought and sold shares of HYDB. SWAN Capital LLC acquired a new stake in iShares High Yield Bond Factor ETF during the third quarter worth approximately $25,000. Larson Financial Group LLC bought a new stake in shares of iShares High Yield Bond Factor ETF in the second quarter valued at about $25,000. Concourse Financial Group Securities Inc. grew its stake in shares of iShares High Yield Bond Factor ETF by 336.2% in the third quarter. Concourse Financial Group Securities Inc. now owns 759 shares of the company’s stock valued at $36,000 after acquiring an additional 585 shares in the last quarter. First Horizon Advisors Inc. increased its position in iShares High Yield Bond Factor ETF by 76.4% during the third quarter. First Horizon Advisors Inc. now owns 905 shares of the company’s stock worth $43,000 after acquiring an additional 392 shares during the period. Finally, Family Asset Management LLC acquired a new stake in iShares High Yield Bond Factor ETF in the 2nd quarter worth about $55,000.

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.