FlexShares High Yield Value-Scored Bond Index Fund (NYSEARCA:HYGV) Trading Down 0.7% – Time to Sell?

FlexShares High Yield Value-Scored Bond Index Fund (NYSEARCA:HYGV)’s stock price fell 0.7% during trading on Monday . The company traded as low as $40.68 and last traded at $40.88. 393,835 shares were traded during mid-day trading, an increase of 139% from the average session volume of 165,087 shares. The stock had previously closed at $41.17.

FlexShares High Yield Value-Scored Bond Index Fund Price Performance

The stock has a 50-day moving average price of $40.99 and a 200 day moving average price of $41.09.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Bank of New York Mellon Corp purchased a new position in shares of FlexShares High Yield Value-Scored Bond Index Fund in the 4th quarter valued at $7,773,000. Horizon Bancorp Inc. IN increased its holdings in FlexShares High Yield Value-Scored Bond Index Fund by 51.3% in the 3rd quarter. Horizon Bancorp Inc. IN now owns 113,271 shares of the company’s stock valued at $4,719,000 after purchasing an additional 38,387 shares in the last quarter. First United Bank & Trust raised its position in FlexShares High Yield Value-Scored Bond Index Fund by 23.8% in the fourth quarter. First United Bank & Trust now owns 77,525 shares of the company’s stock valued at $3,154,000 after purchasing an additional 14,895 shares during the period. Essex Savings Bank acquired a new position in shares of FlexShares High Yield Value-Scored Bond Index Fund during the third quarter worth about $207,000. Finally, Mount Lucas Management LP grew its stake in shares of FlexShares High Yield Value-Scored Bond Index Fund by 4.7% in the third quarter. Mount Lucas Management LP now owns 43,329 shares of the company’s stock valued at $1,805,000 after buying an additional 1,930 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.