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

iShares High Yield Bond Factor ETF (BATS:HYDB)’s stock price reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $47.16 and last traded at $47.55, with a volume of 162202 shares trading hands. The stock had previously closed at $46.91.

iShares High Yield Bond Factor ETF Stock Up 1.4 %

The firm has a 50 day moving average price of $47.37 and a 200-day moving average price of $47.34.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. SWAN Capital LLC purchased a new stake in shares of iShares High Yield Bond Factor ETF in the third quarter valued at $25,000. Retirement Wealth Solutions LLC purchased a new stake in iShares High Yield Bond Factor ETF in the 4th quarter worth about $29,000. Concourse Financial Group Securities Inc. lifted its stake in iShares High Yield Bond Factor ETF by 336.2% in the third quarter. Concourse Financial Group Securities Inc. now owns 759 shares of the company’s stock worth $36,000 after purchasing an additional 585 shares during the last quarter. Adirondack Trust Co. boosted its position in shares of iShares High Yield Bond Factor ETF by 59.2% during the fourth quarter. Adirondack Trust Co. now owns 882 shares of the company’s stock valued at $41,000 after buying an additional 328 shares during the period. Finally, First Horizon Advisors Inc. grew its stake in shares of iShares High Yield Bond Factor ETF by 76.4% during the third quarter. First Horizon Advisors Inc. now owns 905 shares of the company’s stock valued at $43,000 after buying an additional 392 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.