FlexShares High Yield Value-Scored Bond Index Fund (NYSEARCA:HYGV) Trading Up 0.4% – Still a Buy?

Shares of FlexShares High Yield Value-Scored Bond Index Fund (NYSEARCA:HYGV) were up 0.4% during trading on Wednesday . The company traded as high as $40.09 and last traded at $40.02. Approximately 84,984 shares changed hands during trading, a decline of 43% from the average daily volume of 150,363 shares. The stock had previously closed at $39.87.

FlexShares High Yield Value-Scored Bond Index Fund Stock Up 0.4%

The business’s 50 day simple moving average is $40.64 and its two-hundred day simple moving average is $40.79.

FlexShares High Yield Value-Scored Bond Index Fund Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, March 6th. Investors of record on Monday, March 2nd were given a $0.2261 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) annualized dividend and a yield of 6.8%.

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

Hedge funds have recently added to or reduced their stakes in the stock. Transcend Capital Advisors LLC lifted its holdings in shares of FlexShares High Yield Value-Scored Bond Index Fund by 4.4% in the fourth quarter. Transcend Capital Advisors LLC now owns 15,796 shares of the company’s stock valued at $643,000 after purchasing an additional 662 shares in the last quarter. First United Bank & Trust boosted its position in shares of FlexShares High Yield Value-Scored Bond Index Fund by 4.8% during the fourth quarter. First United Bank & Trust now owns 104,670 shares of the company’s stock valued at $4,264,000 after buying an additional 4,769 shares during the last quarter. Park National Corp OH grew its holdings in FlexShares High Yield Value-Scored Bond Index Fund by 2.7% during the fourth quarter. Park National Corp OH now owns 106,395 shares of the company’s stock worth $4,334,000 after buying an additional 2,823 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in FlexShares High Yield Value-Scored Bond Index Fund by 300.6% during the third quarter. JPMorgan Chase & Co. now owns 4,839 shares of the company’s stock worth $199,000 after buying an additional 3,631 shares in the last quarter. Finally, KERR FINANCIAL PLANNING Corp purchased a new stake in FlexShares High Yield Value-Scored Bond Index Fund in the 3rd quarter valued at $151,000.

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.