iShares High Yield Bond Factor ETF (BATS:HYDB) Reaches New 1-Year Low – Should You Sell?

iShares High Yield Bond Factor ETF (BATS:HYDB) hit 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 traded. The stock had previously closed at $46.91.

iShares High Yield Bond Factor ETF Stock Up 1.2 %

The stock’s fifty day simple moving average is $47.28 and its 200-day simple moving average is $47.42.

iShares High Yield Bond Factor ETF Increases Dividend

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

Institutional Investors Weigh In On iShares High Yield Bond Factor ETF

A number of hedge funds have recently made changes to their positions in the business. Waverly Advisors LLC raised its holdings in shares of iShares High Yield Bond Factor ETF by 267.5% during the fourth quarter. Waverly Advisors LLC now owns 105,088 shares of the company’s stock valued at $4,940,000 after buying an additional 76,490 shares during the last quarter. Snowden Capital Advisors LLC bought a new stake in shares of iShares High Yield Bond Factor ETF during the fourth quarter valued at approximately $231,000. Colonial Trust Co SC bought a new stake in shares of iShares High Yield Bond Factor ETF during the fourth quarter valued at approximately $147,000. Cetera Investment Advisers raised its holdings in shares of iShares High Yield Bond Factor ETF by 43.6% during the fourth quarter. Cetera Investment Advisers now owns 442,491 shares of the company’s stock valued at $20,801,000 after buying an additional 134,244 shares during the last quarter. Finally, Citadel Advisors LLC bought a new stake in shares of iShares High Yield Bond Factor ETF during the fourth quarter valued at approximately $547,000.

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.