Payden & Rygel bought a new stake in iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG – Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 34,867 shares of the exchange traded fund’s stock, valued at approximately $2,811,000.
Other institutional investors also recently modified their holdings of the company. Elyxium Wealth LLC bought a new stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF in the 4th quarter valued at about $32,000. Triumph Capital Management bought a new position in iShares iBoxx $ High Yield Corporate Bond ETF during the 3rd quarter worth approximately $38,000. High Point Wealth Management LLC bought a new position in iShares iBoxx $ High Yield Corporate Bond ETF during the 4th quarter worth approximately $38,000. Root Financial Partners LLC acquired a new position in iShares iBoxx $ High Yield Corporate Bond ETF during the third quarter valued at approximately $40,000. Finally, Cornerstone Planning Group LLC bought a new stake in iShares iBoxx $ High Yield Corporate Bond ETF in the third quarter valued at approximately $59,000.
iShares iBoxx $ High Yield Corporate Bond ETF Stock Performance
HYG opened at $79.54 on Tuesday. The firm’s fifty day moving average is $79.85 and its two-hundred day moving average is $80.40. The firm has a market cap of $17.01 billion, a PE ratio of 10.79 and a beta of 0.40. iShares iBoxx $ High Yield Corporate Bond ETF has a twelve month low of $78.57 and a twelve month high of $81.36.
About iShares iBoxx $ High Yield Corporate Bond ETF
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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