iShares High Yield Bond Factor ETF (BATS:HYDB) Hits New 1-Year Low – Should You Sell?

iShares High Yield Bond Factor ETF (BATS:HYDB)’s share price reached a new 52-week low during mid-day trading on Monday . The company traded as low as $47.85 and last traded at $47.68, with a volume of 183543 shares changing hands. The stock had previously closed at $47.95.

iShares High Yield Bond Factor ETF Stock Up 0.2 %

The firm’s 50-day moving average price is $47.60 and its 200-day moving average price is $47.13.

Institutional Investors Weigh In On iShares High Yield Bond Factor ETF

A number of large investors have recently added to or reduced their stakes in the company. SWAN Capital LLC bought a new position in iShares High Yield Bond Factor ETF during the 3rd quarter valued at $25,000. Larson Financial Group LLC bought a new position in iShares High Yield Bond Factor ETF during the 2nd quarter valued at $25,000. Concourse Financial Group Securities Inc. boosted its stake in iShares High Yield Bond Factor ETF by 336.2% during the 3rd 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 during the last quarter. First Horizon Advisors Inc. boosted its stake in iShares High Yield Bond Factor ETF by 76.4% during the 3rd quarter. First Horizon Advisors Inc. now owns 905 shares of the company’s stock valued at $43,000 after acquiring an additional 392 shares during the last quarter. Finally, Family Asset Management LLC bought a new position in shares of 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.