FlexShares High Yield Value-Scored Bond Index Fund (NYSEARCA:HYGV) Hits 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 trading on Wednesday . The stock traded as low as $39.45 and last traded at $39.4550, with a volume of 9489 shares traded. The stock had previously closed at $39.63.

FlexShares High Yield Value-Scored Bond Index Fund Stock Performance

The business has a 50-day moving average of $39.98 and a two-hundred day moving average of $40.11.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. CoreCap Advisors LLC boosted its stake in FlexShares High Yield Value-Scored Bond Index Fund by 45.6% in the second quarter. CoreCap Advisors LLC now owns 2,077 shares of the company’s stock valued at $84,000 after acquiring an additional 650 shares in the last quarter. Horizon Bancorp Inc. IN lifted its holdings 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 valued at $5,185,000 after purchasing an additional 4,634 shares during the last quarter. Finally, First United Bank & Trust raised its stake in FlexShares High Yield Value-Scored Bond Index Fund by 2.3% in the first quarter. First United Bank & Trust now owns 107,078 shares of the company’s stock valued at $4,290,000 after buying an additional 2,408 shares during the last quarter.

About FlexShares High Yield Value-Scored Bond Index Fund

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.