iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG – Get Free Report) reached a new 52-week low during trading on Wednesday . The stock traded as low as $78.36 and last traded at $78.3250, with a volume of 6324483 shares changing hands. The stock had previously closed at $78.67.
iShares iBoxx $ High Yield Corporate Bond ETF Stock Down 0.6%
The stock has a market capitalization of $14.84 billion, a P/E ratio of 10.79 and a beta of 0.39. The business’s 50 day simple moving average is $79.34 and its two-hundred day simple moving average is $79.67.
Hedge Funds Weigh In On iShares iBoxx $ High Yield Corporate Bond ETF
Several hedge funds have recently modified their holdings of HYG. Belvedere Trading LLC purchased a new position in iShares iBoxx $ High Yield Corporate Bond ETF during the 4th quarter valued at about $1,038,000. Worth Asset Management LLC raised its holdings in iShares iBoxx $ High Yield Corporate Bond ETF by 61.0% during the 1st quarter. Worth Asset Management LLC now owns 33,552 shares of the exchange traded fund’s stock valued at $2,669,000 after buying an additional 12,709 shares during the last quarter. Rathbones Group PLC raised its holdings in iShares iBoxx $ High Yield Corporate Bond ETF by 171.7% in the 1st quarter. Rathbones Group PLC now owns 14,945 shares of the exchange traded fund’s stock worth $1,189,000 after purchasing an additional 9,444 shares in the last quarter. First PREMIER Bank lifted its position in iShares iBoxx $ High Yield Corporate Bond ETF by 449.2% during the second quarter. First PREMIER Bank now owns 15,899 shares of the exchange traded fund’s stock valued at $1,271,000 after buying an additional 13,004 shares during the period. Finally, J.Safra Asset Management Corp grew its stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 8.9% in the fourth quarter. J.Safra Asset Management Corp now owns 129,902 shares of the exchange traded fund’s stock worth $10,474,000 after acquiring an additional 10,612 shares during the last quarter.
iShares iBoxx $ High Yield Corporate Bond ETF Company 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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