iShares High Yield Bond Factor ETF (BATS:HYDB) Reaches New 12-Month Low at $46.43

iShares High Yield Bond Factor ETF (BATS:HYDB) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $46.43 and last traded at $46.16, with a volume of 176458 shares changing hands. The stock had previously closed at $46.44.

iShares High Yield Bond Factor ETF Price Performance

The firm has a 50-day simple moving average of $46.37 and a 200 day simple moving average of $46.30.

iShares High Yield Bond Factor ETF Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, July 5th. Investors of record on Monday, July 1st will be issued a dividend of $0.275 per share. The ex-dividend date is Monday, July 1st.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Captrust Financial Advisors purchased a new stake in iShares High Yield Bond Factor ETF during the 1st quarter worth $28,429,000. CWM LLC acquired a new stake in shares of iShares High Yield Bond Factor ETF during the fourth quarter valued at about $13,945,000. IMA Wealth Inc. increased its position in shares of iShares High Yield Bond Factor ETF by 4.3% during the first quarter. IMA Wealth Inc. now owns 262,015 shares of the company’s stock worth $12,241,000 after acquiring an additional 10,714 shares during the last quarter. Cornerstone Planning Group LLC increased its position in shares of iShares High Yield Bond Factor ETF by 12.6% during the first quarter. Cornerstone Planning Group LLC now owns 257,321 shares of the company’s stock worth $11,945,000 after acquiring an additional 28,734 shares during the last quarter. Finally, Cetera Investment Advisers lifted its stake in shares of iShares High Yield Bond Factor ETF by 386.9% in the first quarter. Cetera Investment Advisers now owns 201,213 shares of the company’s stock worth $9,401,000 after acquiring an additional 159,889 shares in 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.