FlexShares High Yield Value-Scored Bond Index Fund (NYSEARCA:HYGV) Reaches New 52-Week Low – Time to Sell?

FlexShares High Yield Value-Scored Bond Index Fund (NYSEARCA:HYGV)’s stock price reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $39.63 and last traded at $39.77, with a volume of 237694 shares changing hands. The stock had previously closed at $40.28.

FlexShares High Yield Value-Scored Bond Index Fund Trading Down 2.5 %

The business’s 50 day simple moving average is $40.76 and its 200 day simple moving average is $41.01.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in HYGV. Bank of New York Mellon Corp purchased a new stake in FlexShares High Yield Value-Scored Bond Index Fund during the 4th quarter valued at $7,773,000. Park National Corp OH purchased a new position in FlexShares High Yield Value-Scored Bond Index Fund during the 1st quarter worth $3,775,000. OLD Mission Capital LLC raised its holdings in shares of FlexShares High Yield Value-Scored Bond Index Fund by 73.7% in the fourth quarter. OLD Mission Capital LLC now owns 122,924 shares of the company’s stock valued at $5,001,000 after acquiring an additional 52,146 shares in the last quarter. First United Bank & Trust lifted its position in shares of FlexShares High Yield Value-Scored Bond Index Fund by 23.8% in the 4th quarter. First United Bank & Trust now owns 77,525 shares of the company’s stock worth $3,154,000 after purchasing an additional 14,895 shares during the period. Finally, Horizon Bancorp Inc. IN lifted its holdings in FlexShares High Yield Value-Scored Bond Index Fund by 3.2% during the fourth quarter. Horizon Bancorp Inc. IN now owns 116,864 shares of the company’s stock worth $4,754,000 after buying an additional 3,593 shares during the period.

FlexShares High Yield Value-Scored Bond Index Fund Company Profile

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.