iShares High Yield Bond Factor ETF (BATS:HYDB) Sets New 52-Week Low – Here’s Why

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

iShares High Yield Bond Factor ETF Price Performance

The firm’s 50-day moving average price is $47.37 and its two-hundred day moving average price is $47.34.

Institutional Trading of iShares High Yield Bond Factor ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Kingsview Wealth Management LLC raised its position in shares of iShares High Yield Bond Factor ETF by 1.6% in the 3rd quarter. Kingsview Wealth Management LLC now owns 13,959 shares of the company’s stock worth $671,000 after acquiring an additional 217 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of iShares High Yield Bond Factor ETF by 3.2% during the second quarter. Bank of New York Mellon Corp now owns 9,273 shares of the company’s stock valued at $431,000 after buying an additional 285 shares during the last quarter. Ascent Group LLC boosted its holdings in shares of iShares High Yield Bond Factor ETF by 6.8% in the 2nd quarter. Ascent Group LLC now owns 4,622 shares of the company’s stock valued at $215,000 after buying an additional 293 shares in the last quarter. Glass Jacobson Investment Advisors llc grew its position in shares of iShares High Yield Bond Factor ETF by 4.3% in the 3rd quarter. Glass Jacobson Investment Advisors llc now owns 7,662 shares of the company’s stock worth $368,000 after buying an additional 316 shares during the last quarter. Finally, Adirondack Trust Co. raised its stake in shares of iShares High Yield Bond Factor ETF by 59.2% during the 4th quarter. Adirondack Trust Co. now owns 882 shares of the company’s stock worth $41,000 after acquiring an additional 328 shares in 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.