Windhaven Investment Management Inc. Lowers Stake in iShares iBoxx $ High Yid Corp Bond (HYG)

Windhaven Investment Management Inc. decreased its stake in shares of iShares iBoxx $ High Yid Corp Bond (NYSEARCA:HYG) by 2.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,782,872 shares of the exchange traded fund’s stock after selling 46,354 shares during the period. iShares iBoxx $ High Yid Corp Bond makes up about 2.0% of Windhaven Investment Management Inc.’s investment portfolio, making the stock its 17th largest holding. Windhaven Investment Management Inc. owned about 0.81% of iShares iBoxx $ High Yid Corp Bond worth $158,248,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Manifold Fund Advisors LLC increased its position in shares of iShares iBoxx $ High Yid Corp Bond by 11.4% during the third quarter. Manifold Fund Advisors LLC now owns 68,930 shares of the exchange traded fund’s stock worth $6,118,000 after acquiring an additional 7,078 shares in the last quarter. Cornerstone Financial Partners LLC grew its position in iShares iBoxx $ High Yid Corp Bond by 6.8% in the third quarter. Cornerstone Financial Partners LLC now owns 9,086 shares of the exchange traded fund’s stock valued at $807,000 after purchasing an additional 577 shares in the last quarter. Highland Private Wealth Management bought a new position in iShares iBoxx $ High Yid Corp Bond in the third quarter valued at $221,000. Mandatum Life Insurance Co Ltd grew its position in iShares iBoxx $ High Yid Corp Bond by 17.9% in the third quarter. Mandatum Life Insurance Co Ltd now owns 5,601 shares of the exchange traded fund’s stock valued at $497,000 after purchasing an additional 850 shares in the last quarter. Finally, Bronfman E.L. Rothschild L.P. grew its position in iShares iBoxx $ High Yid Corp Bond by 93.5% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 11,245 shares of the exchange traded fund’s stock valued at $998,000 after purchasing an additional 5,434 shares in the last quarter.

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iShares iBoxx $ High Yid Corp Bond (NYSEARCA:HYG) traded up $0.14 during trading on Friday, reaching $87.81. 9,473,800 shares of the company were exchanged, compared to its average volume of 10,887,308. iShares iBoxx $ High Yid Corp Bond has a 1-year low of $84.87 and a 1-year high of $89.04.

The firm also recently announced a monthly dividend, which was paid on Tuesday, November 7th. Investors of record on Thursday, November 2nd were given a $0.3656 dividend. The ex-dividend date was Wednesday, November 1st. This represents a $4.39 dividend on an annualized basis and a yield of 5.00%. This is an increase from iShares iBoxx $ High Yid Corp Bond’s previous monthly dividend of $0.37. iShares iBoxx $ High Yid Corp Bond’s dividend payout ratio (DPR) is 105.74%.

About iShares iBoxx $ High Yid Corp Bond

iShares iBoxx $ High Yield Corporate Bond ETF (the Fund), formerly iShares iBoxx $ High Yield Corporate Bond Fund, is an exchange-traded fund (ETF). The Fund seeks to track the investment results of the Markit iBoxx USD Liquid High Yield Index (the Index), which is a rules-based index consisting of liquid the United States dollar-denominated, high yield corporate bonds for sale in the United States, as determined by the index provider.

Want to see what other hedge funds are holding HYG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares iBoxx $ High Yid Corp Bond (NYSEARCA:HYG).

Institutional Ownership by Quarter for iShares iBoxx $ High Yid Corp Bond (NYSEARCA:HYG)

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