iShares High Yield Bond Factor ETF (BATS:HYDB) Hits New 1-Year Low – Here’s What Happened

iShares High Yield Bond Factor ETF (BATS:HYDB)’s stock price reached a new 52-week low during trading on Monday . The company traded as low as $47.16 and last traded at $47.38, with a volume of 162202 shares. The stock had previously closed at $46.91.

iShares High Yield Bond Factor ETF Stock Up 0.9 %

The firm’s 50 day simple moving average is $47.31 and its two-hundred day simple moving average is $47.41.

iShares High Yield Bond Factor ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, February 6th. Stockholders of record on Monday, February 3rd were given a $0.2874 dividend. This is an increase from iShares High Yield Bond Factor ETF’s previous dividend of $0.28. The ex-dividend date of this dividend was Monday, February 3rd.

Institutional Trading of iShares High Yield Bond Factor ETF

A number of institutional investors have recently modified their holdings of the stock. SWAN Capital LLC acquired a new stake in shares of iShares High Yield Bond Factor ETF during the 3rd quarter worth approximately $25,000. Retirement Wealth Solutions LLC acquired a new position in iShares High Yield Bond Factor ETF during the fourth quarter valued at approximately $29,000. Concourse Financial Group Securities Inc. lifted its stake in iShares High Yield Bond Factor ETF by 336.2% during the third quarter. Concourse Financial Group Securities Inc. now owns 759 shares of the company’s stock worth $36,000 after purchasing an additional 585 shares during the last quarter. Synergy Asset Management LLC acquired a new stake in shares of iShares High Yield Bond Factor ETF in the 4th quarter valued at $37,000. Finally, Adirondack Trust Co. boosted its holdings in shares of iShares High Yield Bond Factor ETF by 59.2% in the 4th quarter. Adirondack Trust Co. now owns 882 shares of the company’s stock valued at $41,000 after purchasing an additional 328 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.