iA Global Asset Management Inc. lifted its stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG – Free Report) by 16.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,300,125 shares of the exchange traded fund’s stock after buying an additional 186,734 shares during the period. iShares iBoxx $ High Yield Corporate Bond ETF comprises approximately 1.3% of iA Global Asset Management Inc.’s investment portfolio, making the stock its 15th biggest position. iA Global Asset Management Inc. owned approximately 0.58% of iShares iBoxx $ High Yield Corporate Bond ETF worth $104,829,000 as of its most recent filing with the SEC.
Several other institutional investors also recently modified their holdings of HYG. Burns J W & Co. Inc. NY increased its position in iShares iBoxx $ High Yield Corporate Bond ETF by 27.0% in the 4th quarter. Burns J W & Co. Inc. NY now owns 31,042 shares of the exchange traded fund’s stock valued at $2,503,000 after acquiring an additional 6,605 shares during the period. Bessemer Group Inc. increased its position in iShares iBoxx $ High Yield Corporate Bond ETF by 467.7% in the 3rd quarter. Bessemer Group Inc. now owns 46,435 shares of the exchange traded fund’s stock valued at $3,770,000 after acquiring an additional 38,256 shares during the period. Farmers & Merchants Investments Inc. increased its position in iShares iBoxx $ High Yield Corporate Bond ETF by 7.0% in the 4th quarter. Farmers & Merchants Investments Inc. now owns 162,343 shares of the exchange traded fund’s stock valued at $13,090,000 after acquiring an additional 10,585 shares during the period. Cullen Frost Bankers Inc. increased its position in iShares iBoxx $ High Yield Corporate Bond ETF by 24.6% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 173,255 shares of the exchange traded fund’s stock valued at $14,067,000 after acquiring an additional 34,225 shares during the period. Finally, Ramsey Quantitative Systems acquired a new position in iShares iBoxx $ High Yield Corporate Bond ETF in the 4th quarter valued at approximately $1,935,000.
iShares iBoxx $ High Yield Corporate Bond ETF Stock Performance
Shares of NYSEARCA HYG opened at $79.46 on Friday. iShares iBoxx $ High Yield Corporate Bond ETF has a 52-week low of $78.57 and a 52-week high of $81.36. The firm has a 50 day moving average price of $79.86 and a two-hundred day moving average price of $80.42. The stock has a market cap of $16.99 billion, a P/E ratio of 10.79 and a beta of 0.40.
About iShares iBoxx $ High Yield Corporate Bond ETF
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. The Index may include large-, mid- or small-capitalization companies, and components primarily include consumer services, financial, industrials, and oil and gas companies.
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