iShares High Yield Bond Factor ETF (BATS:HYDB) Reaches New 52-Week Low – Here’s What Happened

Shares of iShares High Yield Bond Factor ETF (BATS:HYDB) hit a new 52-week low during trading on Monday . The company traded as low as $47.85 and last traded at $47.68, with a volume of 183543 shares traded. The stock had previously closed at $47.95.

iShares High Yield Bond Factor ETF Price Performance

The stock’s 50 day simple moving average is $47.61 and its 200 day simple moving average is $47.11.

Hedge Funds Weigh In On iShares High Yield Bond Factor ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. Peapack Gladstone Financial Corp grew its stake in iShares High Yield Bond Factor ETF by 19.4% in the 3rd quarter. Peapack Gladstone Financial Corp now owns 6,150 shares of the company’s stock worth $296,000 after acquiring an additional 1,000 shares in the last quarter. World Investment Advisors LLC bought a new position in iShares High Yield Bond Factor ETF in the 3rd quarter worth about $513,000. Sanctuary Advisors LLC bought a new position in iShares High Yield Bond Factor ETF in the 3rd quarter worth about $4,202,000. Advisory Resource Group grew its stake in iShares High Yield Bond Factor ETF by 9.5% in the 3rd quarter. Advisory Resource Group now owns 170,035 shares of the company’s stock worth $8,172,000 after acquiring an additional 14,776 shares in the last quarter. Finally, Glass Jacobson Investment Advisors llc boosted its stake in shares of iShares High Yield Bond Factor ETF by 4.3% during the third quarter. Glass Jacobson Investment Advisors llc now owns 7,662 shares of the company’s stock valued at $368,000 after purchasing an additional 316 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.