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

Shares of iShares High Yield Bond Factor ETF (BATS:HYDB) reached a new 52-week low during trading on Tuesday . The company traded as low as $47.16 and last traded at $47.62, with a volume of 162202 shares. The stock had previously closed at $46.91.

iShares High Yield Bond Factor ETF Stock Up 1.5 %

The stock’s fifty day moving average price is $47.37 and its 200 day moving average price is $47.37.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in HYDB. Ascent Group LLC boosted its holdings in shares of iShares High Yield Bond Factor ETF by 6.8% in the 2nd quarter. Ascent Group LLC now owns 4,622 shares of the company’s stock worth $215,000 after purchasing an additional 293 shares in the last quarter. Cetera Investment Advisers boosted its stake in iShares High Yield Bond Factor ETF by 58.1% in the second quarter. Cetera Investment Advisers now owns 318,093 shares of the company’s stock worth $14,772,000 after buying an additional 116,880 shares in the last quarter. Kestra Investment Management LLC purchased a new stake in iShares High Yield Bond Factor ETF in the second quarter worth approximately $14,412,000. Summit Wealth Partners LLC grew its position in iShares High Yield Bond Factor ETF by 48.5% during the second quarter. Summit Wealth Partners LLC now owns 10,537 shares of the company’s stock valued at $489,000 after acquiring an additional 3,441 shares during the last quarter. Finally, Mather Group LLC. raised its stake in shares of iShares High Yield Bond Factor ETF by 56.3% during the third quarter. Mather Group LLC. now owns 3,254 shares of the company’s stock worth $156,000 after acquiring an additional 1,172 shares in the last quarter.

About iShares High Yield Bond Factor ETF

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.