FlexShares High Yield Value-Scored Bond Index Fund (NYSEARCA:HYGV) Sees Strong Trading Volume

FlexShares High Yield Value-Scored Bond Index Fund (NYSEARCA:HYGV) saw unusually-strong trading volume on Tuesday . Approximately 316,683 shares were traded during trading, an increase of 56% from the previous session’s volume of 202,744 shares.The stock last traded at $40.00 and had previously closed at $40.08.

FlexShares High Yield Value-Scored Bond Index Fund Trading Up 0.0 %

The firm has a 50-day simple moving average of $40.76 and a 200 day simple moving average of $40.28.

FlexShares High Yield Value-Scored Bond Index Fund Increases Dividend

The business also recently declared a dividend, which was paid on Friday, April 5th. Stockholders of record on Tuesday, April 2nd were given a $0.3101 dividend. The ex-dividend date of this dividend was Monday, April 1st. This is a positive change from FlexShares High Yield Value-Scored Bond Index Fund’s previous dividend of $0.29.

Hedge Funds Weigh In On FlexShares High Yield Value-Scored Bond Index Fund

Large investors have recently modified their holdings of the stock. Sunbelt Securities Inc. purchased a new position in shares of FlexShares High Yield Value-Scored Bond Index Fund in the 2nd quarter worth about $147,000. Fifth Third Securities Inc. grew its stake in shares of FlexShares High Yield Value-Scored Bond Index Fund by 45.2% during the 1st quarter. Fifth Third Securities Inc. now owns 69,166 shares of the company’s stock valued at $2,843,000 after purchasing an additional 21,523 shares during the period. Trivant Custom Portfolio Group LLC bought a new stake in shares of FlexShares High Yield Value-Scored Bond Index Fund during the 1st quarter valued at about $103,000. Steph & Co. grew its stake in shares of FlexShares High Yield Value-Scored Bond Index Fund by 91.1% during the 1st quarter. Steph & Co. now owns 2,293 shares of the company’s stock valued at $94,000 after purchasing an additional 1,093 shares during the period. Finally, First United Bank & Trust grew its stake in shares of FlexShares High Yield Value-Scored Bond Index Fund by 334.1% during the 4th quarter. First United Bank & Trust now owns 22,301 shares of the company’s stock valued at $911,000 after purchasing an additional 17,164 shares during the period.

About FlexShares High Yield Value-Scored Bond Index Fund

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.