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

FlexShares High Yield Value-Scored Bond Index Fund (NYSEARCA:HYGV) were up 0.2% during mid-day trading on Wednesday . The company traded as high as $40.54 and last traded at $40.49. Approximately 90,676 shares were traded during trading, a decline of 42% from the average daily volume of 156,938 shares. The stock had previously closed at $40.41.

FlexShares High Yield Value-Scored Bond Index Fund Trading Up 0.2%

The company’s 50-day moving average is $40.87 and its 200 day moving average is $40.87.

FlexShares High Yield Value-Scored Bond Index Fund Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, March 6th. Investors of record on Monday, March 2nd will be paid a $0.2261 dividend. This represents a c) annualized dividend and a dividend yield of 6.7%. The ex-dividend date is Monday, March 2nd.

Hedge Funds Weigh In On FlexShares High Yield Value-Scored Bond Index Fund

A number of hedge funds have recently bought and sold shares of HYGV. Sound Income Strategies LLC raised its stake in shares of FlexShares High Yield Value-Scored Bond Index Fund by 2,970.0% during the 3rd quarter. Sound Income Strategies LLC now owns 614 shares of the company’s stock worth $25,000 after buying an additional 594 shares during the period. Winnow Wealth LLC purchased a new stake in FlexShares High Yield Value-Scored Bond Index Fund in the 3rd quarter worth $34,000. JPMorgan Chase & Co. increased its holdings in FlexShares High Yield Value-Scored Bond Index Fund by 4,374.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,208 shares of the company’s stock worth $50,000 after acquiring an additional 1,181 shares in the last quarter. BNP Paribas Financial Markets raised its position in FlexShares High Yield Value-Scored Bond Index Fund by 1,293.1% during the third quarter. BNP Paribas Financial Markets now owns 2,814 shares of the company’s stock worth $116,000 after acquiring an additional 2,612 shares during the period. Finally, KERR FINANCIAL PLANNING Corp acquired a new position in FlexShares High Yield Value-Scored Bond Index Fund during the third quarter worth $151,000.

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.