FlexShares High Yield Value-Scored Bond Index Fund (NYSEARCA:HYGV) Reaches New 52-Week Low – Here’s What Happened

Shares of FlexShares High Yield Value-Scored Bond Index Fund (NYSEARCA:HYGV) reached a new 52-week low on Wednesday . The company traded as low as $38.01 and last traded at $39.03, with a volume of 306327 shares changing hands. The stock had previously closed at $38.45.

FlexShares High Yield Value-Scored Bond Index Fund Price Performance

The business’s fifty day moving average is $40.60 and its two-hundred day moving average is $40.94.

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

Institutional investors have recently modified their holdings of the stock. Cullen Frost Bankers Inc. bought a new stake in shares of FlexShares High Yield Value-Scored Bond Index Fund in the 4th quarter worth about $76,000. Lee Danner & Bass Inc. purchased a new stake in FlexShares High Yield Value-Scored Bond Index Fund in the 4th quarter worth about $102,000. Steph & Co. lifted its stake in FlexShares High Yield Value-Scored Bond Index Fund by 6.0% in the fourth quarter. Steph & Co. now owns 11,774 shares of the company’s stock worth $479,000 after purchasing an additional 662 shares during the last quarter. Baird Financial Group Inc. lifted its stake in FlexShares High Yield Value-Scored Bond Index Fund by 12.0% in the fourth quarter. Baird Financial Group Inc. now owns 19,266 shares of the company’s stock worth $784,000 after purchasing an additional 2,058 shares during the last quarter. Finally, Mount Lucas Management LP boosted its position in shares of FlexShares High Yield Value-Scored Bond Index Fund by 3.6% during the fourth quarter. Mount Lucas Management LP now owns 44,889 shares of the company’s stock valued at $1,826,000 after buying an additional 1,560 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.