iShares High Yield Bond Factor ETF (BATS:HYDB) Hits New 52-Week Low – What’s Next?

iShares High Yield Bond Factor ETF (BATS:HYDB)’s share price reached a new 52-week low on Monday . The stock traded as low as $47.16 and last traded at $47.52, with a volume of 162202 shares traded. The stock had previously closed at $46.91.

iShares High Yield Bond Factor ETF Price Performance

The stock’s 50-day simple moving average is $47.34 and its 200-day simple moving average is $47.49.

iShares High Yield Bond Factor ETF Cuts Dividend

The firm also recently announced a dividend, which will be paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd will be issued a $0.234 dividend. The ex-dividend date of this dividend is Monday, March 3rd.

Institutional Trading of iShares High Yield Bond Factor ETF

Hedge funds have recently bought and sold shares of the business. SWAN Capital LLC bought a new position in iShares High Yield Bond Factor ETF in the 3rd quarter valued at $25,000. Retirement Wealth Solutions LLC purchased a new position in shares of iShares High Yield Bond Factor ETF in the 4th quarter worth about $29,000. LGT Financial Advisors LLC purchased a new position in shares of iShares High Yield Bond Factor ETF in the 4th quarter worth about $30,000. GeoWealth Management LLC increased its holdings in iShares High Yield Bond Factor ETF by 391.8% during the fourth quarter. GeoWealth Management LLC now owns 659 shares of the company’s stock worth $31,000 after buying an additional 525 shares during the last quarter. Finally, Synergy Asset Management LLC purchased a new stake in iShares High Yield Bond Factor ETF during the fourth quarter worth about $37,000.

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.