FlexShares High Yield Value-Scored Bond Index Fund (NYSEARCA:HYGV) Sets New 12-Month Low – Time to Sell?

FlexShares High Yield Value-Scored Bond Index Fund (NYSEARCA:HYGV)’s share price reached a new 52-week low during trading on Monday . The company traded as low as $39.50 and last traded at $39.5150, with a volume of 10965 shares. The stock had previously closed at $39.61.

FlexShares High Yield Value-Scored Bond Index Fund Trading Down 0.0%

The business has a fifty day moving average price of $40.05 and a 200-day moving average price of $40.17.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HYGV. Olde Wealth Management LLC lifted its holdings in shares of FlexShares High Yield Value-Scored Bond Index Fund by 2.7% during the 4th quarter. Olde Wealth Management LLC now owns 174,362 shares of the company’s stock valued at $7,102,000 after buying an additional 4,559 shares during the period. Horizon Bancorp Inc. IN increased its position in FlexShares High Yield Value-Scored Bond Index Fund by 3.7% during the first quarter. Horizon Bancorp Inc. IN now owns 129,425 shares of the company’s stock valued at $5,185,000 after acquiring an additional 4,634 shares during the last quarter. First United Bank & Trust increased its position in FlexShares High Yield Value-Scored Bond Index Fund by 2.3% during the first quarter. First United Bank & Trust now owns 107,078 shares of the company’s stock valued at $4,290,000 after acquiring an additional 2,408 shares during the last quarter. Baird Financial Group Inc. lifted its holdings in FlexShares High Yield Value-Scored Bond Index Fund by 12.0% in the second quarter. Baird Financial Group Inc. now owns 22,851 shares of the company’s stock valued at $938,000 after acquiring an additional 2,457 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in FlexShares High Yield Value-Scored Bond Index Fund by 300.6% in the third quarter. JPMorgan Chase & Co. now owns 4,839 shares of the company’s stock valued at $199,000 after acquiring an additional 3,631 shares during the period.

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.