iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) Share Price Cross Below 200-Day Moving Average – What’s Next?

iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $78.84 and traded as low as $78.35. iShares iBoxx $ High Yield Corporate Bond ETF shares last traded at $78.62, with a volume of 11,926,144 shares traded.

iShares iBoxx $ High Yield Corporate Bond ETF Price Performance

The stock’s 50-day moving average is $79.41 and its 200-day moving average is $78.84. The stock has a market cap of $15.00 billion, a price-to-earnings ratio of 9.60 and a beta of 0.36.

Institutional Investors Weigh In On iShares iBoxx $ High Yield Corporate Bond ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. Sunbelt Securities Inc. boosted its stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 80.3% in the third quarter. Sunbelt Securities Inc. now owns 19,049 shares of the exchange traded fund’s stock valued at $1,530,000 after purchasing an additional 8,486 shares during the period. Mittelman Wealth Management lifted its holdings in iShares iBoxx $ High Yield Corporate Bond ETF by 287.6% in the 3rd quarter. Mittelman Wealth Management now owns 25,662 shares of the exchange traded fund’s stock worth $2,061,000 after buying an additional 19,041 shares in the last quarter. Continuum Advisory LLC boosted its position in iShares iBoxx $ High Yield Corporate Bond ETF by 9.2% in the 3rd quarter. Continuum Advisory LLC now owns 15,656 shares of the exchange traded fund’s stock valued at $1,241,000 after buying an additional 1,319 shares during the last quarter. Kovitz Investment Group Partners LLC boosted its position in iShares iBoxx $ High Yield Corporate Bond ETF by 0.4% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 169,472 shares of the exchange traded fund’s stock valued at $13,551,000 after buying an additional 602 shares during the last quarter. Finally, IHT Wealth Management LLC grew its stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 129.6% during the third quarter. IHT Wealth Management LLC now owns 17,279 shares of the exchange traded fund’s stock valued at $1,385,000 after acquiring an additional 9,752 shares in the last quarter.

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.