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

iShares High Yield Bond Factor ETF (BATS:HYDB) shares hit a new 52-week low on Monday . The stock traded as low as $47.76 and last traded at $47.71, with a volume of 129740 shares trading hands. The stock had previously closed at $47.80.

iShares High Yield Bond Factor ETF Stock Down 0.0 %

The company’s fifty day moving average price is $47.58 and its 200-day moving average price is $47.17.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of HYDB. State of New Jersey Common Pension Fund D grew its position in iShares High Yield Bond Factor ETF by 102.6% in the 2nd quarter. State of New Jersey Common Pension Fund D now owns 1,013,120 shares of the company’s stock valued at $47,049,000 after acquiring an additional 513,120 shares during the last quarter. Kestra Investment Management LLC bought a new position in iShares High Yield Bond Factor ETF in the second quarter worth approximately $14,412,000. Assetmark Inc. increased its holdings in iShares High Yield Bond Factor ETF by 97.9% during the 3rd quarter. Assetmark Inc. now owns 591,870 shares of the company’s stock worth $28,445,000 after purchasing an additional 292,788 shares during the period. Synergy Asset Management LLC purchased a new stake in shares of iShares High Yield Bond Factor ETF in the 2nd quarter worth $6,082,000. Finally, Systelligence LLC purchased a new position in shares of iShares High Yield Bond Factor ETF during the second quarter valued at $5,893,000.

iShares High Yield Bond Factor ETF Company Profile

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.