FlexShares High Yield Value-Scored Bond Index Fund (NYSEARCA:HYGV) Shares Down 0% – Here’s What Happened

FlexShares High Yield Value-Scored Bond Index Fund (NYSEARCA:HYGV)’s stock price fell 0% during mid-day trading on Tuesday . The company traded as low as $40.68 and last traded at $40.79. 199,718 shares were traded during trading, an increase of 43% from the average session volume of 139,851 shares. The stock had previously closed at $40.80.

FlexShares High Yield Value-Scored Bond Index Fund Stock Performance

The business’s 50-day simple moving average is $40.87 and its two-hundred day simple moving average is $40.87.

FlexShares High Yield Value-Scored Bond Index Fund Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, February 6th. Investors of record on Monday, February 2nd will be issued a dividend of $0.2438 per share. The ex-dividend date is Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 7.2%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Olde Wealth Management LLC purchased a new stake in shares of FlexShares High Yield Value-Scored Bond Index Fund in the third quarter worth about $6,922,000. Rock Creek Group LP lifted its position in FlexShares High Yield Value-Scored Bond Index Fund by 567.9% during the 3rd quarter. Rock Creek Group LP now owns 51,960 shares of the company’s stock worth $2,141,000 after acquiring an additional 44,180 shares in the last quarter. Park National Corp OH boosted its holdings in FlexShares High Yield Value-Scored Bond Index Fund by 61.2% in the 3rd quarter. Park National Corp OH now owns 103,572 shares of the company’s stock worth $4,267,000 after acquiring an additional 39,304 shares during the period. Horizon Bancorp Inc. IN boosted its holdings in FlexShares High Yield Value-Scored Bond Index Fund by 15.6% in the 3rd quarter. Horizon Bancorp Inc. IN now owns 126,408 shares of the company’s stock worth $5,208,000 after acquiring an additional 17,067 shares during the period. Finally, First United Bank & Trust grew its position in FlexShares High Yield Value-Scored Bond Index Fund by 10.6% in the third quarter. First United Bank & Trust now owns 99,901 shares of the company’s stock valued at $4,116,000 after acquiring an additional 9,551 shares in 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.