Financial Gravity Asset Management Inc. lifted its stake in Xtrackers USD High Yield Corporate Bond ETF (NYSEARCA:HYLB – Free Report) by 7.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 745,317 shares of the company’s stock after purchasing an additional 54,755 shares during the quarter. Xtrackers USD High Yield Corporate Bond ETF accounts for approximately 5.3% of Financial Gravity Asset Management Inc.’s investment portfolio, making the stock its 2nd largest holding. Financial Gravity Asset Management Inc.’s holdings in Xtrackers USD High Yield Corporate Bond ETF were worth $27,450,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. EverSource Wealth Advisors LLC boosted its stake in shares of Xtrackers USD High Yield Corporate Bond ETF by 303.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,047 shares of the company’s stock valued at $75,000 after buying an additional 1,539 shares during the period. IFC & Insurance Marketing Inc. bought a new stake in shares of Xtrackers USD High Yield Corporate Bond ETF in the fourth quarter valued at approximately $93,000. Jones Financial Companies Lllp boosted its stake in shares of Xtrackers USD High Yield Corporate Bond ETF by 26.0% in the third quarter. Jones Financial Companies Lllp now owns 3,571 shares of the company’s stock valued at $132,000 after buying an additional 736 shares during the period. Farther Finance Advisors LLC boosted its stake in shares of Xtrackers USD High Yield Corporate Bond ETF by 154.6% in the fourth quarter. Farther Finance Advisors LLC now owns 8,567 shares of the company’s stock valued at $316,000 after buying an additional 5,202 shares during the period. Finally, NewEdge Advisors LLC boosted its stake in shares of Xtrackers USD High Yield Corporate Bond ETF by 11.0% in the third quarter. NewEdge Advisors LLC now owns 25,506 shares of the company’s stock valued at $947,000 after buying an additional 2,521 shares during the period.
Xtrackers USD High Yield Corporate Bond ETF Stock Performance
Shares of HYLB stock opened at $36.49 on Friday. The stock has a 50 day simple moving average of $36.53 and a 200 day simple moving average of $36.70. Xtrackers USD High Yield Corporate Bond ETF has a 1 year low of $35.92 and a 1 year high of $37.19.
Xtrackers USD High Yield Corporate Bond ETF Profile
The Xtrackers USD High Yield Corporate Bond ETF (HYLB) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks an index of USD-denominated high-yield corporate bonds with 1 to 15 years remaining to maturity. HYLB was launched on Dec 7, 2016 and is managed by Xtrackers.
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