FlexShares High Yield Value-Scored Bond Index Fund (NYSEARCA:HYGV) Hits New 12-Month Low – Should You Sell?

FlexShares High Yield Value-Scored Bond Index Fund (NYSEARCA:HYGV) shares hit a new 52-week low during trading on Thursday . The company traded as low as $39.63 and last traded at $39.77, with a volume of 237694 shares trading hands. The stock had previously closed at $40.28.

FlexShares High Yield Value-Scored Bond Index Fund Trading Down 2.5 %

The business has a 50 day simple moving average of $40.76 and a two-hundred day simple moving average of $41.01.

Institutional Investors Weigh In On FlexShares High Yield Value-Scored Bond Index Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HYGV. Park National Corp OH acquired a new position in FlexShares High Yield Value-Scored Bond Index Fund during the first quarter worth approximately $3,775,000. Baird Financial Group Inc. lifted its position in shares of FlexShares High Yield Value-Scored Bond Index Fund by 12.0% during the 4th quarter. Baird Financial Group Inc. now owns 19,266 shares of the company’s stock valued at $784,000 after acquiring an additional 2,058 shares during the period. OLD Mission Capital LLC lifted its position in FlexShares High Yield Value-Scored Bond Index Fund by 73.7% during the fourth quarter. OLD Mission Capital LLC now owns 122,924 shares of the company’s stock worth $5,001,000 after purchasing an additional 52,146 shares during the period. Lee Danner & Bass Inc. acquired a new stake in shares of FlexShares High Yield Value-Scored Bond Index Fund during the 4th quarter worth approximately $102,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of FlexShares High Yield Value-Scored Bond Index Fund in the 4th quarter valued at $7,773,000.

FlexShares High Yield Value-Scored Bond Index Fund Company Profile

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.