Private Advisor Group LLC cut its stake in shares of iShares iBoxx $ High Yid Corp Bond (NYSEARCA:HYG) by 65.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 38,829 shares of the exchange traded fund’s stock after selling 73,763 shares during the quarter. Private Advisor Group LLC’s holdings in iShares iBoxx $ High Yid Corp Bond were worth $3,410,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. WFG Advisors LP grew its stake in shares of iShares iBoxx $ High Yid Corp Bond by 20.5% during the 2nd quarter. WFG Advisors LP now owns 2,985 shares of the exchange traded fund’s stock valued at $264,000 after buying an additional 507 shares during the period. Cornerstone Financial Partners LLC grew its stake in shares of iShares iBoxx $ High Yid Corp Bond by 6.8% during the 3rd quarter. Cornerstone Financial Partners LLC now owns 9,086 shares of the exchange traded fund’s stock valued at $807,000 after buying an additional 577 shares during the period. Lee Financial Co boosted its position in iShares iBoxx $ High Yid Corp Bond by 1.9% during the 3rd quarter. Lee Financial Co now owns 33,761 shares of the exchange traded fund’s stock worth $2,997,000 after purchasing an additional 614 shares during the period. Bremer Trust National Association boosted its position in iShares iBoxx $ High Yid Corp Bond by 2.5% during the 3rd quarter. Bremer Trust National Association now owns 26,363 shares of the exchange traded fund’s stock worth $2,340,000 after purchasing an additional 639 shares during the period. Finally, Navellier & Associates Inc boosted its position in iShares iBoxx $ High Yid Corp Bond by 13.1% during the 2nd quarter. Navellier & Associates Inc now owns 5,597 shares of the exchange traded fund’s stock worth $495,000 after purchasing an additional 649 shares during the period.

Shares of iShares iBoxx $ High Yid Corp Bond (NYSEARCA:HYG) opened at $85.26 on Wednesday. iShares iBoxx $ High Yid Corp Bond has a 12-month low of $84.07 and a 12-month high of $89.04. The firm has a market cap of $15,470.00 and a price-to-earnings ratio of 20.40.

The firm also recently declared a monthly dividend, which was paid on Wednesday, February 7th. Investors of record on Friday, February 2nd were given a dividend of $0.3663 per share. This represents a $4.40 dividend on an annualized basis and a yield of 5.16%. This is a boost from iShares iBoxx $ High Yid Corp Bond’s previous monthly dividend of $0.36. The ex-dividend date was Thursday, February 1st. iShares iBoxx $ High Yid Corp Bond’s dividend payout ratio is 106.46%.

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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.

Want to see what other hedge funds are holding HYG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares iBoxx $ High Yid Corp Bond (NYSEARCA:HYG).

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

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