FlexShares High Yield Value-Scored Bond Index Fund (NYSEARCA:HYGV) Trading Down 0% – What’s Next?

FlexShares High Yield Value-Scored Bond Index Fund (NYSEARCA:HYGV) traded down 0% during mid-day trading on Wednesday . The stock traded as low as $40.48 and last traded at $40.53. 111,635 shares were traded during mid-day trading, a decline of 26% from the average session volume of 150,136 shares. The stock had previously closed at $40.55.

FlexShares High Yield Value-Scored Bond Index Fund Price Performance

The company’s 50-day simple moving average is $40.37 and its 200-day simple moving average is $40.67.

FlexShares High Yield Value-Scored Bond Index Fund Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, April 7th. Shareholders of record on Wednesday, April 1st were given a $0.2535 dividend. This is an increase from FlexShares High Yield Value-Scored Bond Index Fund’s previous monthly dividend of $0.23. The ex-dividend date was Wednesday, April 1st. This represents a c) annualized dividend and a yield of 7.5%.

Hedge Funds Weigh In On FlexShares High Yield Value-Scored Bond Index Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in HYGV. Sound Income Strategies LLC increased its position in FlexShares High Yield Value-Scored Bond Index Fund by 2,970.0% in the 3rd quarter. Sound Income Strategies LLC now owns 614 shares of the company’s stock valued at $25,000 after acquiring an additional 594 shares during the period. Winnow Wealth LLC acquired a new position in FlexShares High Yield Value-Scored Bond Index Fund in the 3rd quarter valued at approximately $34,000. JPMorgan Chase & Co. increased its position in FlexShares High Yield Value-Scored Bond Index Fund by 4,374.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,208 shares of the company’s stock valued at $50,000 after acquiring an additional 1,181 shares during the period. BNP Paribas Financial Markets increased its position in FlexShares High Yield Value-Scored Bond Index Fund by 1,293.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,814 shares of the company’s stock valued at $116,000 after acquiring an additional 2,612 shares during the period. Finally, KERR FINANCIAL PLANNING Corp acquired a new position in FlexShares High Yield Value-Scored Bond Index Fund in the 3rd quarter valued at approximately $151,000.

FlexShares High Yield Value-Scored Bond Index Fund Company Profile

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.