Fisher Asset Management LLC Reduces Position in iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG)

Fisher Asset Management LLC decreased its holdings in iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) by 58.4% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,686 shares of the exchange traded fund’s stock after selling 3,777 shares during the quarter. Fisher Asset Management LLC’s holdings in iShares iBoxx $ High Yield Corporate Bond ETF were worth $216,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Massmutual Trust Co. FSB ADV raised its holdings in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 29.0% during the second quarter. Massmutual Trust Co. FSB ADV now owns 3,223 shares of the exchange traded fund’s stock valued at $249,000 after purchasing an additional 725 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of iShares iBoxx $ High Yield Corporate Bond ETF during the 2nd quarter valued at $70,000. Harbor Capital Advisors Inc. lifted its holdings in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 67.7% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 3,644 shares of the exchange traded fund’s stock valued at $281,000 after buying an additional 1,471 shares during the period. Redmont Wealth Advisors LLC boosted its stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 1.6% in the 2nd quarter. Redmont Wealth Advisors LLC now owns 13,695 shares of the exchange traded fund’s stock worth $1,056,000 after buying an additional 219 shares during the last quarter. Finally, NBC Securities Inc. grew its holdings in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 4.6% in the second quarter. NBC Securities Inc. now owns 27,993 shares of the exchange traded fund’s stock worth $2,159,000 after acquiring an additional 1,231 shares during the period.

iShares iBoxx $ High Yield Corporate Bond ETF Stock Performance

HYG stock opened at $80.04 on Monday. The company has a market cap of $15.27 billion, a price-to-earnings ratio of 9.60 and a beta of 0.36. The business’s 50-day moving average is $79.58 and its two-hundred day moving average is $78.57. iShares iBoxx $ High Yield Corporate Bond ETF has a fifty-two week low of $75.20 and a fifty-two week high of $80.37.

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.