Boston Research & Management Inc. Sells 349 Shares of iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG)

Boston Research & Management Inc. lowered its stake in iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) by 1.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 33,392 shares of the exchange traded fund’s stock after selling 349 shares during the quarter. Boston Research & Management Inc.’s holdings in iShares iBoxx $ High Yield Corporate Bond ETF were worth $2,575,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Viewpoint Capital Management LLC bought a new stake in iShares iBoxx $ High Yield Corporate Bond ETF in the 2nd quarter valued at $28,000. Anfield Capital Management LLC raised its stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 46.7% in the 2nd quarter. Anfield Capital Management LLC now owns 465 shares of the exchange traded fund’s stock valued at $36,000 after purchasing an additional 148 shares during the period. Able Wealth Management LLC bought a new stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF in the fourth quarter valued at about $39,000. Pathway Financial Advisers LLC acquired a new position in shares of iShares iBoxx $ High Yield Corporate Bond ETF during the first quarter worth about $41,000. Finally, Tidemark LLC bought a new position in shares of iShares iBoxx $ High Yield Corporate Bond ETF during the fourth quarter worth about $44,000.

iShares iBoxx $ High Yield Corporate Bond ETF Stock Performance

NYSEARCA HYG opened at $80.26 on Friday. The stock has a market capitalization of $15.31 billion, a price-to-earnings ratio of 9.60 and a beta of 0.36. iShares iBoxx $ High Yield Corporate Bond ETF has a 52 week low of $71.68 and a 52 week high of $80.33. The stock’s 50 day moving average price is $78.74 and its two-hundred day moving average price is $77.64.

iShares iBoxx $ High Yield Corporate Bond ETF Profile

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.