iShares High Yield Bond Factor ETF (BATS:HYDB) Hits New 1-Year Low – What’s Next?

iShares High Yield Bond Factor ETF (BATS:HYDB) hit a new 52-week low during mid-day trading on Monday . The company traded as low as $47.16 and last traded at $47.53, with a volume of 162202 shares changing hands. The stock had previously closed at $46.91.

iShares High Yield Bond Factor ETF Trading Up 1.6 %

The business’s fifty day moving average price is $47.28 and its 200-day moving average price is $47.46.

iShares High Yield Bond Factor ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd were issued a dividend of $0.2874 per share. This is a positive change from iShares High Yield Bond Factor ETF’s previous dividend of $0.28. The ex-dividend date of this dividend was Monday, February 3rd.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. JPMorgan Chase & Co. raised its position in iShares High Yield Bond Factor ETF by 115.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 93,620 shares of the company’s stock valued at $4,499,000 after buying an additional 50,116 shares during the last quarter. Apollon Wealth Management LLC grew its stake in shares of iShares High Yield Bond Factor ETF by 17.3% in the 3rd quarter. Apollon Wealth Management LLC now owns 28,214 shares of the company’s stock worth $1,356,000 after acquiring an additional 4,163 shares in the last quarter. Merit Financial Group LLC bought a new stake in shares of iShares High Yield Bond Factor ETF in the 4th quarter worth $339,000. Sanctuary Advisors LLC raised its holdings in shares of iShares High Yield Bond Factor ETF by 9.0% in the fourth quarter. Sanctuary Advisors LLC now owns 96,233 shares of the company’s stock valued at $4,582,000 after purchasing an additional 7,922 shares during the last quarter. Finally, Strategic Wealth Investment Group LLC bought a new position in shares of iShares High Yield Bond Factor ETF during the fourth quarter valued at about $1,113,000.

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.