iShares High Yield Bond Factor ETF (BATS:HYDB) Sets New 12-Month Low at $47.94

Shares of iShares High Yield Bond Factor ETF (BATS:HYDB) reached a new 52-week low during trading on Monday . The stock traded as low as $47.94 and last traded at $48.07, with a volume of 101219 shares changing hands. The stock had previously closed at $48.03.

iShares High Yield Bond Factor ETF Stock Up 0.1 %

The firm’s fifty day simple moving average is $47.29 and its 200 day simple moving average is $46.69.

iShares High Yield Bond Factor ETF Increases Dividend

The company also recently announced a dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, September 3rd were issued a $0.2779 dividend. This is a positive change from iShares High Yield Bond Factor ETF’s previous dividend of $0.28. The ex-dividend date was Tuesday, September 3rd.

Hedge Funds Weigh In On iShares High Yield Bond Factor ETF

Several hedge funds have recently bought and sold shares of the company. Summit Wealth Partners LLC increased its holdings in iShares High Yield Bond Factor ETF by 48.5% in the 2nd quarter. Summit Wealth Partners LLC now owns 10,537 shares of the company’s stock valued at $489,000 after buying an additional 3,441 shares during the period. Kestra Investment Management LLC bought a new position in iShares High Yield Bond Factor ETF in the 2nd quarter valued at about $14,412,000. Cetera Investment Advisers increased its holdings 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. Ascent Group LLC boosted its stake 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 valued at $215,000 after purchasing an additional 293 shares in the last quarter. Finally, GM Advisory Group LLC boosted its stake in shares of iShares High Yield Bond Factor ETF by 318.0% in the 2nd quarter. GM Advisory Group LLC now owns 86,208 shares of the company’s stock valued at $4,003,000 after purchasing an additional 65,585 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.