iShares High Yield Bond Factor ETF (BATS:HYDB) Reaches New 52-Week Low – Time to Sell?

iShares High Yield Bond Factor ETF (BATS:HYDB)’s share price reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $47.16 and last traded at $47.46, with a volume of 162202 shares. The stock had previously closed at $46.91.

iShares High Yield Bond Factor ETF Price Performance

The company’s 50 day moving average price is $47.27 and its two-hundred day moving average price is $47.42.

iShares High Yield Bond Factor ETF Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd were paid a dividend of $0.2874 per share. The ex-dividend date was Monday, February 3rd. This is an increase from iShares High Yield Bond Factor ETF’s previous dividend of $0.28.

Institutional Investors Weigh In On iShares High Yield Bond Factor ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. increased its holdings in shares of iShares High Yield Bond Factor ETF by 115.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 93,620 shares of the company’s stock valued at $4,499,000 after acquiring an additional 50,116 shares during the last quarter. Foundations Investment Advisors LLC boosted its holdings in shares of iShares High Yield Bond Factor ETF by 6.4% in the third quarter. Foundations Investment Advisors LLC now owns 10,321 shares of the company’s stock valued at $496,000 after acquiring an additional 624 shares during the period. Apollon Wealth Management LLC grew its position in shares of iShares High Yield Bond Factor ETF by 17.3% during the third quarter. Apollon Wealth Management LLC now owns 28,214 shares of the company’s stock worth $1,356,000 after acquiring an additional 4,163 shares during the last quarter. Merit Financial Group LLC purchased a new stake in iShares High Yield Bond Factor ETF in the 4th quarter valued at $339,000. Finally, Strategic Wealth Investment Group LLC acquired a new stake in iShares High Yield Bond Factor ETF during the 4th quarter worth $1,113,000.

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.