First PREMIER Bank Buys 13,004 Shares of iShares iBoxx $ High Yield Corporate Bond ETF $HYG

First PREMIER Bank raised its stake in iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) by 449.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,899 shares of the exchange traded fund’s stock after purchasing an additional 13,004 shares during the period. First PREMIER Bank’s holdings in iShares iBoxx $ High Yield Corporate Bond ETF were worth $1,271,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Farmers & Merchants Investments Inc. grew its position in iShares iBoxx $ High Yield Corporate Bond ETF by 7.0% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 162,343 shares of the exchange traded fund’s stock worth $13,090,000 after buying an additional 10,585 shares in the last quarter. Belvedere Trading LLC acquired a new position in iShares iBoxx $ High Yield Corporate Bond ETF in the 4th quarter valued at approximately $1,038,000. Cullen Frost Bankers Inc. raised its holdings in iShares iBoxx $ High Yield Corporate Bond ETF by 142.5% in the 4th quarter. Cullen Frost Bankers Inc. now owns 420,126 shares of the exchange traded fund’s stock valued at $33,875,000 after acquiring an additional 246,871 shares in the last quarter. Worth Asset Management LLC lifted its position in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 61.0% in the 1st quarter. Worth Asset Management LLC now owns 33,552 shares of the exchange traded fund’s stock worth $2,669,000 after acquiring an additional 12,709 shares during the period. Finally, Hilltop Holdings Inc. lifted its position in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 24.8% in the 1st quarter. Hilltop Holdings Inc. now owns 56,413 shares of the exchange traded fund’s stock worth $4,488,000 after acquiring an additional 11,194 shares during the period.

iShares iBoxx $ High Yield Corporate Bond ETF Trading Up 0.1%

Shares of NYSEARCA:HYG opened at $79.81 on Tuesday. The firm has a market capitalization of $16.69 billion, a PE ratio of 10.79 and a beta of 0.39. iShares iBoxx $ High Yield Corporate Bond ETF has a 1-year low of $78.57 and a 1-year high of $81.36. The business’s 50 day moving average is $79.65 and its 200-day moving average is $79.88.

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.