iShares High Yield Bond Factor ETF (BATS:HYDB) Reaches New 1-Year Low – Time to Sell?

Shares of iShares High Yield Bond Factor ETF (BATS:HYDB) hit a new 52-week low during trading on Thursday . The company traded as low as $47.16 and last traded at $47.31, with a volume of 162202 shares. The stock had previously closed at $46.91.

iShares High Yield Bond Factor ETF Trading Up 1.1 %

The firm’s fifty day moving average price is $47.38 and its two-hundred day moving average price is $47.31.

Hedge Funds Weigh In On iShares High Yield Bond Factor ETF

A number of institutional investors and hedge funds have recently modified their holdings of HYDB. Bank of New York Mellon Corp boosted its position in iShares High Yield Bond Factor ETF by 3.2% in the second quarter. Bank of New York Mellon Corp now owns 9,273 shares of the company’s stock worth $431,000 after purchasing an additional 285 shares during the last quarter. Envestnet Asset Management Inc. grew its position in shares of iShares High Yield Bond Factor ETF by 12.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 582,228 shares of the company’s stock valued at $27,039,000 after acquiring an additional 64,834 shares during the period. Mercer Global Advisors Inc. ADV bought a new position in iShares High Yield Bond Factor ETF in the 2nd quarter worth $746,000. GM Advisory Group LLC lifted its position in shares of iShares High Yield Bond Factor ETF by 318.0% during the 2nd quarter. GM Advisory Group LLC now owns 86,208 shares of the company’s stock valued at $4,003,000 after buying an additional 65,585 shares in the last quarter. Finally, Ascent Group LLC increased its stake in shares of iShares High Yield Bond Factor ETF by 6.8% in the second 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.

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.