FlexShares High Yield Value-Scored Bond Index Fund (NYSEARCA:HYGV) Sees Strong Trading Volume

FlexShares High Yield Value-Scored Bond Index Fund (NYSEARCA:HYGV) shares saw strong trading volume on Thursday . 312,119 shares were traded during mid-day trading, an increase of 36% from the previous session’s volume of 230,279 shares.The stock last traded at $40.15 and had previously closed at $40.40.

FlexShares High Yield Value-Scored Bond Index Fund Price Performance

The stock’s 50 day simple moving average is $40.72 and its 200-day simple moving average is $40.32.

FlexShares High Yield Value-Scored Bond Index Fund Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, April 5th. Shareholders of record on Tuesday, April 2nd were paid a $0.3101 dividend. The ex-dividend date of this dividend was Monday, April 1st. This is a boost from FlexShares High Yield Value-Scored Bond Index Fund’s previous dividend of $0.29.

Institutional Trading of FlexShares High Yield Value-Scored Bond Index Fund

A number of institutional investors and hedge funds have recently modified their holdings of HYGV. Avior Wealth Management LLC acquired a new stake in shares of FlexShares High Yield Value-Scored Bond Index Fund in the third quarter worth $25,000. Steph & Co. increased its position in FlexShares High Yield Value-Scored Bond Index Fund by 47.2% during the third quarter. Steph & Co. now owns 1,200 shares of the company’s stock worth $48,000 after acquiring an additional 385 shares during the period. Trivant Custom Portfolio Group LLC bought a new stake in FlexShares High Yield Value-Scored Bond Index Fund in the 1st quarter valued at $103,000. First United Bank & Trust bought a new stake in FlexShares High Yield Value-Scored Bond Index Fund in the 3rd quarter valued at $204,000. Finally, Triumph Capital Management increased its holdings in FlexShares High Yield Value-Scored Bond Index Fund by 4.7% in the 1st quarter. Triumph Capital Management now owns 5,660 shares of the company’s stock valued at $232,000 after buying an additional 252 shares during the period.

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.