Franklin Resources Inc. increased its holdings in iShares iBoxx $ High Yid Corp Bond (NYSE:HYG) by 8.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 455,742 shares of the exchange traded fund’s stock after buying an additional 36,259 shares during the period. Franklin Resources Inc.’s holdings in iShares iBoxx $ High Yid Corp Bond were worth $40,283,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in HYG. Capital Advisors Ltd. LLC raised its position in shares of iShares iBoxx $ High Yid Corp Bond by 5.2% in the second quarter. Capital Advisors Ltd. LLC now owns 1,727 shares of the exchange traded fund’s stock valued at $153,000 after buying an additional 85 shares in the last quarter. Forward Management LLC acquired a new stake in shares of iShares iBoxx $ High Yid Corp Bond in the second quarter valued at approximately $191,000. Usca Ria LLC raised its position in shares of iShares iBoxx $ High Yid Corp Bond by 6.1% in the second quarter. Usca Ria LLC now owns 2,456 shares of the exchange traded fund’s stock valued at $217,000 after buying an additional 141 shares in the last quarter. Stelac Advisory Services LLC raised its position in shares of iShares iBoxx $ High Yid Corp Bond by 16.5% in the second quarter. Stelac Advisory Services LLC now owns 2,801 shares of the exchange traded fund’s stock valued at $248,000 after buying an additional 396 shares in the last quarter. Finally, Capital Planning Advisors LLC acquired a new stake in shares of iShares iBoxx $ High Yid Corp Bond in the second quarter valued at approximately $249,000.

Shares of iShares iBoxx $ High Yid Corp Bond (NYSE:HYG) opened at 88.41 on Friday. iShares iBoxx $ High Yid Corp Bond has a 52-week low of $83.24 and a 52-week high of $89.04. The stock has a 50 day moving average of $88.11 and a 200-day moving average of $87.93.

The firm also recently disclosed a monthly dividend, which was paid on Friday, September 8th. Investors of record on Wednesday, September 6th were issued a $0.3703 dividend. The ex-dividend date was Friday, September 1st. This is an increase from iShares iBoxx $ High Yid Corp Bond’s previous monthly dividend of $0.37. This represents a $4.44 annualized dividend and a yield of 5.03%.

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iShares iBoxx $ High Yid Corp Bond 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.

Institutional Ownership by Quarter for iShares iBoxx $ High Yid Corp Bond (NYSE:HYG)

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