iShares High Yield Bond Factor ETF (BATS:HYDB) Reaches New 1-Year Low – Should You Sell?

iShares High Yield Bond Factor ETF (BATS:HYDB) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $47.16 and last traded at $47.46, 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 has a fifty day moving average of $47.28 and a 200-day moving average of $47.42.

iShares High Yield Bond Factor ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, February 6th. Stockholders of record on Monday, February 3rd were paid a dividend of $0.2874 per share. The ex-dividend date of this dividend was Monday, February 3rd. This is an increase from iShares High Yield Bond Factor ETF’s previous dividend of $0.28.

Institutional Trading of iShares High Yield Bond Factor ETF

Several large investors have recently modified their holdings of the business. Waverly Advisors LLC grew its stake in iShares High Yield Bond Factor ETF by 267.5% in the fourth quarter. Waverly Advisors LLC now owns 105,088 shares of the company’s stock worth $4,940,000 after purchasing an additional 76,490 shares in the last quarter. Snowden Capital Advisors LLC acquired a new position in iShares High Yield Bond Factor ETF in the fourth quarter worth about $231,000. Colonial Trust Co SC acquired a new position in iShares High Yield Bond Factor ETF in the fourth quarter worth about $147,000. Cetera Investment Advisers grew its stake in iShares High Yield Bond Factor ETF by 43.6% in the fourth quarter. Cetera Investment Advisers now owns 442,491 shares of the company’s stock worth $20,801,000 after purchasing an additional 134,244 shares in the last quarter. Finally, Citadel Advisors LLC acquired a new position in iShares High Yield Bond Factor ETF in the fourth quarter worth about $547,000.

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.