FlexShares High Yield Value-Scored Bond Index Fund (NYSEARCA:HYGV) Stock Price Down 0.3% – Time to Sell?

Shares of FlexShares High Yield Value-Scored Bond Index Fund (NYSEARCA:HYGV) dropped 0.3% on Monday . The company traded as low as $39.86 and last traded at $39.90. 173,107 shares traded hands during trading, an increase of 34% from the average session volume of 129,321 shares. The stock had previously closed at $40.04.

FlexShares High Yield Value-Scored Bond Index Fund Stock Down 0.3%

The company’s 50 day moving average is $40.13 and its 200 day moving average is $40.35.

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

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Olde Wealth Management LLC boosted its position in shares of FlexShares High Yield Value-Scored Bond Index Fund by 2.7% in the 4th quarter. Olde Wealth Management LLC now owns 174,362 shares of the company’s stock worth $7,102,000 after buying an additional 4,559 shares in the last quarter. Baird Financial Group Inc. increased its holdings in FlexShares High Yield Value-Scored Bond Index Fund by 12.0% during the 2nd quarter. Baird Financial Group Inc. now owns 22,851 shares of the company’s stock valued at $938,000 after acquiring an additional 2,457 shares in the last quarter. JPMorgan Chase & Co. raised its position 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 acquiring an additional 3,631 shares during 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 last quarter. Finally, CoreCap Advisors LLC lifted its holdings in shares of FlexShares High Yield Value-Scored Bond Index Fund by 45.6% in the second quarter. CoreCap Advisors LLC now owns 2,077 shares of the company’s stock valued at $84,000 after purchasing an additional 650 shares in the last quarter.

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.