iShares High Yield Bond Factor ETF (BATS:HYDB) Hits New 1-Year Low – What’s Next?

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

iShares High Yield Bond Factor ETF Price Performance

The business has a fifty day moving average price of $47.37 and a 200 day moving average price of $47.34.

Hedge Funds Weigh In On iShares High Yield Bond Factor ETF

Several hedge funds have recently added to or reduced their stakes in HYDB. SWAN Capital LLC purchased a new stake in shares of iShares High Yield Bond Factor ETF during the 3rd quarter worth approximately $25,000. Retirement Wealth Solutions LLC acquired a new stake in iShares High Yield Bond Factor ETF during the 4th quarter worth $29,000. Concourse Financial Group Securities Inc. lifted its position in iShares High Yield Bond Factor ETF by 336.2% in the third quarter. Concourse Financial Group Securities Inc. now owns 759 shares of the company’s stock valued at $36,000 after acquiring an additional 585 shares during the last quarter. Synergy Asset Management LLC acquired a new position in iShares High Yield Bond Factor ETF in the fourth quarter valued at $37,000. Finally, Adirondack Trust Co. grew its holdings in shares of iShares High Yield Bond Factor ETF by 59.2% during the fourth quarter. Adirondack Trust Co. now owns 882 shares of the company’s stock worth $41,000 after purchasing an additional 328 shares during the last quarter.

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.