iShares High Yield Bond Factor ETF (BATS:HYDB) Reaches New 52-Week Low – Should You Sell?

iShares High Yield Bond Factor ETF (BATS:HYDB) shares reached a new 52-week low on Monday . The company traded as low as $47.48 and last traded at $47.59, with a volume of 163218 shares. The stock had previously closed at $47.48.

iShares High Yield Bond Factor ETF Stock Down 0.2 %

The company’s fifty day moving average is $47.58 and its two-hundred day moving average is $47.22.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in HYDB. Kingsview Wealth Management LLC lifted its stake in iShares High Yield Bond Factor ETF by 1.6% in the third quarter. Kingsview Wealth Management LLC now owns 13,959 shares of the company’s stock valued at $671,000 after buying an additional 217 shares during the period. Bank of New York Mellon Corp raised its position in shares of iShares High Yield Bond Factor ETF by 3.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 9,273 shares of the company’s stock valued at $431,000 after acquiring an additional 285 shares during the period. Ascent Group LLC raised its position in shares of iShares High Yield Bond Factor ETF by 6.8% in the 2nd quarter. Ascent Group LLC now owns 4,622 shares of the company’s stock valued at $215,000 after acquiring an additional 293 shares during the period. Glass Jacobson Investment Advisors llc boosted its stake in iShares High Yield Bond Factor ETF by 4.3% during the 3rd quarter. Glass Jacobson Investment Advisors llc now owns 7,662 shares of the company’s stock worth $368,000 after acquiring an additional 316 shares during the last quarter. Finally, Rovin Capital UT ADV grew its holdings in iShares High Yield Bond Factor ETF by 1.7% during the third quarter. Rovin Capital UT ADV now owns 22,356 shares of the company’s stock valued at $1,074,000 after purchasing an additional 378 shares during the period.

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.