FlexShares High Yield Value-Scored Bond Index Fund (NYSEARCA:HYGV) Share Price Cross Above 50-Day Moving Average – Time to Sell?

Shares of FlexShares High Yield Value-Scored Bond Index Fund (NYSEARCA:HYGV) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $41.23 and traded as high as $41.33. FlexShares High Yield Value-Scored Bond Index Fund shares last traded at $41.30, with a volume of 101,984 shares traded.

FlexShares High Yield Value-Scored Bond Index Fund Price Performance

The business’s 50-day simple moving average is $41.23 and its 200 day simple moving average is $40.94.

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

A number of institutional investors and hedge funds have recently modified their holdings of HYGV. Mount Lucas Management LP lifted its holdings in 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 acquiring an additional 1,930 shares during the period. Essex Savings Bank bought a new position in shares of FlexShares High Yield Value-Scored Bond Index Fund in the 3rd quarter worth approximately $207,000. Horizon Bancorp Inc. IN boosted its holdings in shares of FlexShares High Yield Value-Scored Bond Index Fund by 51.3% in the third quarter. Horizon Bancorp Inc. IN now owns 113,271 shares of the company’s stock worth $4,719,000 after buying an additional 38,387 shares during the last quarter. First United Bank & Trust boosted its holdings in shares of FlexShares High Yield Value-Scored Bond Index Fund by 9.0% in the third quarter. First United Bank & Trust now owns 62,630 shares of the company’s stock worth $2,609,000 after buying an additional 5,157 shares during the last quarter. Finally, Clear Point Advisors Inc. grew its position in FlexShares High Yield Value-Scored Bond Index Fund by 15.8% during the second quarter. Clear Point Advisors Inc. now owns 15,326 shares of the company’s stock valued at $619,000 after buying an additional 2,086 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.