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

iShares High Yield Bond Factor ETF (BATS:HYDB)’s stock price reached a new 52-week low on Monday . The stock traded as low as $47.16 and last traded at $47.13, with a volume of 162202 shares changing hands. The stock had previously closed at $46.91.

iShares High Yield Bond Factor ETF Trading Up 0.9 %

The stock’s fifty day moving average is $47.35 and its two-hundred day moving average is $47.39.

iShares High Yield Bond Factor ETF Increases Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, February 6th. Stockholders of record on Monday, February 3rd will be paid a dividend of $0.2874 per share. The ex-dividend date of this dividend is Monday, February 3rd. This is a positive change from iShares High Yield Bond Factor ETF’s previous dividend of $0.28.

Institutional Investors Weigh In On iShares High Yield Bond Factor ETF

Several hedge funds have recently bought and sold shares of the company. Mather Group LLC. raised its stake in iShares High Yield Bond Factor ETF by 56.3% in the third quarter. Mather Group LLC. now owns 3,254 shares of the company’s stock valued at $156,000 after buying an additional 1,172 shares during the period. Dynamic Advisor Solutions LLC raised its stake in iShares High Yield Bond Factor ETF by 98.3% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 25,640 shares of the company’s stock valued at $1,232,000 after acquiring an additional 12,712 shares during the period. Insight Wealth Strategies LLC raised its stake in iShares High Yield Bond Factor ETF by 58.8% in the 3rd quarter. Insight Wealth Strategies LLC now owns 110,976 shares of the company’s stock valued at $5,334,000 after acquiring an additional 41,075 shares during the period. Atomi Financial Group Inc. lifted its holdings in iShares High Yield Bond Factor ETF by 49.6% during the 3rd quarter. Atomi Financial Group Inc. now owns 116,700 shares of the company’s stock valued at $5,609,000 after purchasing an additional 38,670 shares during the last quarter. Finally, CWM LLC boosted its position in iShares High Yield Bond Factor ETF by 3.1% during the third quarter. CWM LLC now owns 89,460 shares of the company’s stock worth $4,299,000 after purchasing an additional 2,719 shares during the period.

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.