iShares High Yield Bond Factor ETF (BATS:HYDB) Reaches New 1-Year Low – What’s Next?

iShares High Yield Bond Factor ETF (BATS:HYDB)’s share price hit a new 52-week low during trading on Monday . The stock traded as low as $47.75 and last traded at $47.80, with a volume of 595458 shares changing hands. The stock had previously closed at $47.78.

iShares High Yield Bond Factor ETF Trading Up 0.0 %

The stock’s fifty day moving average price is $47.61 and its 200 day moving average price is $47.00.

iShares High Yield Bond Factor ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, September 3rd were issued a $0.2779 dividend. The ex-dividend date was Tuesday, September 3rd. This is a boost from iShares High Yield Bond Factor ETF’s previous dividend of $0.28.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. State of New Jersey Common Pension Fund D increased its position in shares of iShares High Yield Bond Factor ETF by 102.6% during the second quarter. State of New Jersey Common Pension Fund D now owns 1,013,120 shares of the company’s stock valued at $47,049,000 after acquiring an additional 513,120 shares in the last quarter. Captrust Financial Advisors bought a new stake in shares of iShares High Yield Bond Factor ETF in the 1st quarter worth $28,429,000. Assetmark Inc. raised its stake in shares of iShares High Yield Bond Factor ETF by 97.9% in the third quarter. Assetmark Inc. now owns 591,870 shares of the company’s stock worth $28,445,000 after purchasing an additional 292,788 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of iShares High Yield Bond Factor ETF by 12.5% during the second quarter. Envestnet Asset Management Inc. now owns 582,228 shares of the company’s stock valued at $27,039,000 after purchasing an additional 64,834 shares in the last quarter. Finally, Cetera Investment Advisers boosted its position in shares of iShares High Yield Bond Factor ETF by 58.1% during the second quarter. Cetera Investment Advisers now owns 318,093 shares of the company’s stock valued at $14,772,000 after buying an additional 116,880 shares during 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.