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

iShares High Yield Bond Factor ETF (BATS:HYDB)’s stock price reached a new 52-week low during trading on Wednesday . The company traded as low as $47.16 and last traded at $47.55, with a volume of 162202 shares traded. The stock had previously closed at $46.91.

iShares High Yield Bond Factor ETF Stock Performance

The business has a 50 day simple moving average of $47.37 and a 200 day simple moving average of $47.34.

Hedge Funds Weigh In On iShares High Yield Bond Factor ETF

Several hedge funds have recently bought and sold shares of HYDB. Manning & Napier Advisors LLC purchased a new stake in iShares High Yield Bond Factor ETF during the fourth quarter worth about $19,723,000. Kestra Investment Management LLC purchased a new stake in iShares High Yield Bond Factor ETF during the 2nd quarter worth approximately $14,412,000. Assetmark Inc. increased its stake in iShares High Yield Bond Factor ETF by 97.9% during the 3rd quarter. Assetmark Inc. now owns 591,870 shares of the company’s stock worth $28,445,000 after buying an additional 292,788 shares during the period. Park Avenue Securities LLC lifted its holdings in iShares High Yield Bond Factor ETF by 1,260.8% during the 4th quarter. Park Avenue Securities LLC now owns 135,972 shares of the company’s stock worth $6,392,000 after buying an additional 125,980 shares in the last quarter. Finally, Cetera Investment Advisers boosted its position in iShares High Yield Bond Factor ETF by 58.1% in the 2nd quarter. Cetera Investment Advisers now owns 318,093 shares of the company’s stock valued at $14,772,000 after buying an additional 116,880 shares during the period.

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.