iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) Sets New 12-Month Low – Here’s What Happened

by · The Markets Daily

iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG – Get Free Report)’s stock price hit a new 52-week low during mid-day trading on Tuesday. The company traded as low as $77.42 and last traded at $77.54, with a volume of 98749160 shares trading hands. The stock had previously closed at $77.86.

iShares iBoxx $ High Yield Corporate Bond ETF Trading Down 0.2%

The company has a market cap of $15.95 billion, a P/E ratio of 10.79 and a beta of 0.39. The business’s 50 day simple moving average is $79.10 and its 200 day simple moving average is $79.57.

Institutional Trading of iShares iBoxx $ High Yield Corporate Bond ETF

Several institutional investors and hedge funds have recently modified their holdings of the company. Washington Trust Advisors Inc. lifted its stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 0.3% during the 2nd quarter. Washington Trust Advisors Inc. now owns 63,034 shares of the exchange traded fund’s stock valued at $5,041,000 after buying an additional 173 shares in the last quarter. Compass Financial Management LLC bought a new stake in iShares iBoxx $ High Yield Corporate Bond ETF during the second quarter valued at about $187,000. Aventus Investment Advisors Inc. purchased a new position in shares of iShares iBoxx $ High Yield Corporate Bond ETF in the second quarter valued at about $1,178,000. Continuum Advisory LLC purchased a new position in shares of iShares iBoxx $ High Yield Corporate Bond ETF in the second quarter valued at about $133,000. Finally, First PREMIER Bank boosted its stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 449.2% in the second quarter. First PREMIER Bank now owns 15,899 shares of the exchange traded fund’s stock worth $1,271,000 after acquiring an additional 13,004 shares during the period.

About iShares iBoxx $ High Yield Corporate Bond ETF

(Get Free Report)

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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