NEXT Financial Group Inc decreased its position in shares of iShares iBoxx $ High Yid Corp Bond (NYSEARCA:HYG) by 34.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,144 shares of the exchange traded fund’s stock after selling 4,311 shares during the quarter. NEXT Financial Group Inc’s holdings in iShares iBoxx $ High Yid Corp Bond were worth $719,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Alken Asset Management Ltd. acquired a new stake in shares of iShares iBoxx $ High Yid Corp Bond during the 2nd quarter valued at $126,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of iShares iBoxx $ High Yid Corp Bond during the 3rd quarter valued at $135,000. Capital Advisors Ltd. LLC lifted its holdings in iShares iBoxx $ High Yid Corp Bond by 5.2% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 1,727 shares of the exchange traded fund’s stock worth $153,000 after buying an additional 85 shares during the period. Forward Management LLC acquired a new position in iShares iBoxx $ High Yid Corp Bond during the 2nd quarter worth about $191,000. Finally, Tower Research Capital LLC TRC lifted its holdings in iShares iBoxx $ High Yid Corp Bond by 239.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,167 shares of the exchange traded fund’s stock worth $192,000 after buying an additional 1,529 shares during the period.

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Shares of iShares iBoxx $ High Yid Corp Bond (NYSEARCA:HYG) traded down $0.06 on Monday, reaching $87.47. The company’s stock had a trading volume of 15,942,001 shares, compared to its average volume of 10,905,941. iShares iBoxx $ High Yid Corp Bond has a 52-week low of $84.48 and a 52-week high of $89.04.

The business also recently announced a monthly dividend, which was paid on Tuesday, November 7th. Shareholders of record on Thursday, November 2nd were issued a dividend of $0.3656 per share. The ex-dividend date of this dividend was Wednesday, November 1st. This is an increase from iShares iBoxx $ High Yid Corp Bond’s previous monthly dividend of $0.37. This represents a $4.39 annualized dividend and a yield of 5.02%. iShares iBoxx $ High Yid Corp Bond’s payout ratio is presently 105.74%.

About iShares iBoxx $ High Yid Corp Bond

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.

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

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