CIBC World Markets Inc. Acquires 3,174 Shares of iShares iBoxx $ High Yid Corp Bond (HYG)

CIBC World Markets Inc. increased its holdings in iShares iBoxx $ High Yid Corp Bond (NYSEARCA:HYG) by 28.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 14,279 shares of the exchange traded fund’s stock after purchasing an additional 3,174 shares during the quarter. CIBC World Markets Inc.’s holdings in iShares iBoxx $ High Yid Corp Bond were worth $1,246,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Kohmann Bosshard Financial Services LLC bought a new position in iShares iBoxx $ High Yid Corp Bond in the third quarter worth approximately $135,000. Wealthcare Advisory Partners LLC acquired a new position in shares of iShares iBoxx $ High Yid Corp Bond during the third quarter worth $163,000. Tower Research Capital LLC TRC increased its position in shares of iShares iBoxx $ High Yid Corp Bond by 239.7% during the second quarter. Tower Research Capital LLC TRC now owns 2,167 shares of the exchange traded fund’s stock worth $192,000 after purchasing an additional 1,529 shares in the last quarter. Flagship Harbor Advisors LLC acquired a new position in shares of iShares iBoxx $ High Yid Corp Bond during the third quarter worth $201,000. Finally, Abbrea Capital LLC acquired a new position in shares of iShares iBoxx $ High Yid Corp Bond during the fourth quarter worth $205,000.

iShares iBoxx $ High Yid Corp Bond (HYG) opened at $85.74 on Tuesday. The stock has a market capitalization of $15,440.00 and a price-to-earnings ratio of 20.51. iShares iBoxx $ High Yid Corp Bond has a 12-month low of $85.58 and a 12-month high of $89.04.

The firm also recently declared a monthly dividend, which will be paid on Wednesday, February 7th. Stockholders of record on Friday, February 2nd will be given a dividend of $0.3663 per share. The ex-dividend date of this dividend is Thursday, February 1st. This is an increase from iShares iBoxx $ High Yid Corp Bond’s previous monthly dividend of $0.36. This represents a $4.40 dividend on an annualized basis and a dividend yield of 5.13%. iShares iBoxx $ High Yid Corp Bond’s dividend payout ratio is presently 106.46%.

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iShares iBoxx $ High Yid Corp Bond Profile

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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