FlexShares High Yield Value-Scored Bond Index Fund (NYSEARCA:HYGV) Trading 0.2% Higher – Here’s What Happened

FlexShares High Yield Value-Scored Bond Index Fund (NYSEARCA:HYGV)’s share price rose 0.2% during mid-day trading on Tuesday . The company traded as high as $41.25 and last traded at $41.23. Approximately 129,066 shares traded hands during mid-day trading, a decline of 29% from the average daily volume of 181,640 shares. The stock had previously closed at $41.16.

FlexShares High Yield Value-Scored Bond Index Fund Price Performance

The business’s fifty day moving average price is $41.27 and its 200-day moving average price is $40.88.

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

A number of institutional investors and hedge funds have recently modified their holdings of the company. Mount Lucas Management LP increased its position in shares of FlexShares High Yield Value-Scored Bond Index Fund by 4.7% in the third quarter. Mount Lucas Management LP now owns 43,329 shares of the company’s stock worth $1,805,000 after purchasing an additional 1,930 shares during the last quarter. Essex Savings Bank bought a new position in shares of FlexShares High Yield Value-Scored Bond Index Fund in the third quarter worth approximately $207,000. Horizon Bancorp Inc. IN increased its position in shares of FlexShares High Yield Value-Scored Bond Index Fund by 51.3% in the third quarter. Horizon Bancorp Inc. IN now owns 113,271 shares of the company’s stock worth $4,719,000 after purchasing an additional 38,387 shares during the last quarter. First United Bank & Trust increased its position in shares of FlexShares High Yield Value-Scored Bond Index Fund by 9.0% in the third quarter. First United Bank & Trust now owns 62,630 shares of the company’s stock worth $2,609,000 after purchasing an additional 5,157 shares during the last quarter. Finally, Clear Point Advisors Inc. increased its position in shares of FlexShares High Yield Value-Scored Bond Index Fund by 15.8% in the second quarter. Clear Point Advisors Inc. now owns 15,326 shares of the company’s stock worth $619,000 after purchasing an additional 2,086 shares during the last quarter.

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.