Cullen Frost Bankers Inc. increased its stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG – Free Report) by 142.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 420,126 shares of the exchange traded fund’s stock after buying an additional 246,871 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in iShares iBoxx $ High Yield Corporate Bond ETF were worth $33,875,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. BNP Paribas grew its stake in iShares iBoxx $ High Yield Corporate Bond ETF by 4.1% during the 3rd quarter. BNP Paribas now owns 4,720,136 shares of the exchange traded fund’s stock worth $383,228,000 after buying an additional 184,894 shares during the last quarter. Ameriprise Financial Inc. grew its stake in 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 during the last quarter. iA Global Asset Management Inc. grew its stake in iShares iBoxx $ High Yield Corporate Bond ETF by 16.8% during the 4th quarter. iA Global Asset Management Inc. now owns 1,300,125 shares of the exchange traded fund’s stock worth $104,829,000 after buying an additional 186,734 shares during the last quarter. Williams Jones Wealth Management LLC. grew its stake in iShares iBoxx $ High Yield Corporate Bond ETF by 2.5% during the 3rd quarter. Williams Jones Wealth Management LLC. now owns 293,700 shares of the exchange traded fund’s stock worth $23,846,000 after buying an additional 7,200 shares during the last quarter. Finally, Amarillo National Bank grew its stake in iShares iBoxx $ High Yield Corporate Bond ETF by 5.7% during the 4th quarter. Amarillo National Bank now owns 213,818 shares of the exchange traded fund’s stock worth $17,240,000 after buying an additional 11,442 shares during the last quarter.
iShares iBoxx $ High Yield Corporate Bond ETF Price Performance
Shares of HYG opened at $79.35 on Wednesday. The company has a market cap of $16.97 billion, a P/E ratio of 10.79 and a beta of 0.40. The stock has a fifty day moving average price of $79.84 and a 200 day moving average price of $80.39. iShares iBoxx $ High Yield Corporate Bond ETF has a 12 month low of $78.57 and a 12 month high of $81.36.
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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