FlexShares High Yield Value-Scored Bond Index Fund (NYSEARCA:HYGV) Reaches New 52-Week Low – Time to Sell?

FlexShares High Yield Value-Scored Bond Index Fund (NYSEARCA:HYGV) shares reached a new 52-week low during mid-day trading on Tuesday. The stock traded as low as $38.96 and last traded at $39.02, with a volume of 141475 shares trading hands. The stock had previously closed at $39.18.

FlexShares High Yield Value-Scored Bond Index Fund Trading Down 0.2%

The stock’s 50 day simple moving average is $39.85 and its 200 day simple moving average is $40.06.

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

Institutional investors have recently modified their holdings of the stock. CoreCap Advisors LLC grew its position in FlexShares High Yield Value-Scored Bond Index Fund by 45.6% in the 2nd quarter. CoreCap Advisors LLC now owns 2,077 shares of the company’s stock valued at $84,000 after buying an additional 650 shares in the last quarter. Horizon Bancorp Inc. IN raised its position in shares of FlexShares High Yield Value-Scored Bond Index Fund by 3.7% during the 1st quarter. Horizon Bancorp Inc. IN now owns 129,425 shares of the company’s stock worth $5,185,000 after buying an additional 4,634 shares in the last quarter. Finally, First United Bank & Trust raised its position in shares of FlexShares High Yield Value-Scored Bond Index Fund by 2.3% during the 1st quarter. First United Bank & Trust now owns 107,078 shares of the company’s stock worth $4,290,000 after buying an additional 2,408 shares in the last quarter.

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.