iShares High Yield Bond Factor ETF (BATS:HYDB) Reaches New 12-Month Low – What’s Next?

iShares High Yield Bond Factor ETF (BATS:HYDB) shares reached a new 52-week low during mid-day trading on Monday . The company traded as low as $47.54 and last traded at $47.39, with a volume of 123535 shares trading hands. The stock had previously closed at $47.64.

iShares High Yield Bond Factor ETF Price Performance

The stock has a 50-day moving average price of $47.40 and a 200-day moving average price of $46.76.

iShares High Yield Bond Factor ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, September 3rd were given a $0.2779 dividend. This is a boost from iShares High Yield Bond Factor ETF’s previous dividend of $0.28. The ex-dividend date of this dividend was Tuesday, September 3rd.

Institutional Trading of iShares High Yield Bond Factor ETF

Hedge funds have recently made changes to their positions in the business. Regal Investment Advisors LLC boosted its stake in iShares High Yield Bond Factor ETF by 22.0% in the 4th quarter. Regal Investment Advisors LLC now owns 11,858 shares of the company’s stock valued at $548,000 after purchasing an additional 2,137 shares during the period. Integrated Advisors Network LLC bought a new stake in iShares High Yield Bond Factor ETF in the 4th quarter valued at $358,000. ICA Group Wealth Management LLC bought a new stake in iShares High Yield Bond Factor ETF in the 4th quarter valued at $108,000. Arden Trust Co bought a new stake in iShares High Yield Bond Factor ETF in the 1st quarter valued at $9,199,000. Finally, Insight Wealth Strategies LLC bought a new stake in iShares High Yield Bond Factor ETF in the 1st quarter valued at $3,236,000.

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.