FlexShares High Yield Value-Scored Bond Index Fund (NYSEARCA:HYGV) Trading Down 0.7% – Should You Sell?

Shares of FlexShares High Yield Value-Scored Bond Index Fund (NYSEARCA:HYGV) traded down 0.7% on Monday . The company traded as low as $40.68 and last traded at $40.88. 393,835 shares traded hands during trading, an increase of 139% from the average session volume of 165,087 shares. The stock had previously closed at $41.17.

FlexShares High Yield Value-Scored Bond Index Fund Trading Up 0.3 %

The firm’s fifty day simple moving average is $40.99 and its 200 day simple moving average is $41.09.

Institutional Investors Weigh In On FlexShares High Yield Value-Scored Bond Index Fund

Several hedge funds and other institutional investors have recently made changes to their positions in HYGV. Essex Savings Bank acquired a new position in FlexShares High Yield Value-Scored Bond Index Fund in the third quarter valued at $207,000. Steph & Co. boosted its stake in FlexShares High Yield Value-Scored Bond Index Fund by 6.0% during the 4th quarter. Steph & Co. now owns 11,774 shares of the company’s stock worth $479,000 after purchasing an additional 662 shares during the period. Mount Lucas Management LP increased its stake in FlexShares High Yield Value-Scored Bond Index Fund by 4.7% in the third quarter. Mount Lucas Management LP now owns 43,329 shares of the company’s stock valued at $1,805,000 after purchasing an additional 1,930 shares during the period. First United Bank & Trust raised its holdings in shares of FlexShares High Yield Value-Scored Bond Index Fund by 9.0% in the third quarter. First United Bank & Trust now owns 62,630 shares of the company’s stock valued at $2,609,000 after buying an additional 5,157 shares during the last quarter. Finally, Horizon Bancorp Inc. IN raised its holdings in shares of FlexShares High Yield Value-Scored Bond Index Fund by 51.3% in the third quarter. Horizon Bancorp Inc. IN now owns 113,271 shares of the company’s stock valued at $4,719,000 after buying an additional 38,387 shares during the last quarter.

About FlexShares High Yield Value-Scored Bond Index Fund

The FlexShares High Yield Value-Scored Bond Index Fund (HYGV) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks a proprietary fundamental-weighted index of USD-denominated high-yield corporate bonds selected based on value, credit, and liquidity. HYGV was launched on Jul 17, 2018 and is managed by FlexShares.