Dorsey Wright & Associates boosted its holdings in iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG – Free Report) by 605.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 30,997 shares of the exchange traded fund’s stock after acquiring an additional 26,604 shares during the quarter. Dorsey Wright & Associates’ holdings in iShares iBoxx $ High Yield Corporate Bond ETF were worth $2,466,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. NewEdge Advisors LLC boosted its holdings in iShares iBoxx $ High Yield Corporate Bond ETF by 130.8% during the first quarter. NewEdge Advisors LLC now owns 17,128 shares of the exchange traded fund’s stock worth $1,351,000 after purchasing an additional 9,708 shares during the last quarter. Tolleson Wealth Management Inc. increased its stake in iShares iBoxx $ High Yield Corporate Bond ETF by 15.7% in the 2nd quarter. Tolleson Wealth Management Inc. now owns 7,259 shares of the exchange traded fund’s stock valued at $585,000 after buying an additional 987 shares during the last quarter. Russell Investments Group Ltd. purchased a new stake in iShares iBoxx $ High Yield Corporate Bond ETF in the 3rd quarter valued at about $1,603,000. Seven Mile Advisory bought a new position in shares of iShares iBoxx $ High Yield Corporate Bond ETF during the 3rd quarter worth approximately $297,000. Finally, Ameriprise Financial Inc. lifted its position in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 18.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,818,659 shares of the exchange traded fund’s stock worth $147,320,000 after buying an additional 282,574 shares in the last quarter.
iShares iBoxx $ High Yield Corporate Bond ETF Trading Down 0.2%
HYG stock opened at $79.65 on Friday. The stock’s fifty day simple moving average is $79.82 and its two-hundred day simple moving average is $80.18. iShares iBoxx $ High Yield Corporate Bond ETF has a 1-year low of $78.57 and a 1-year high of $81.36. The stock has a market cap of $16.15 billion, a P/E ratio of 10.79 and a beta of 0.39.
iShares iBoxx $ High Yield Corporate Bond ETF 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. 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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