Bank of New York Mellon Corp Cuts Stock Position in iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG)

Bank of New York Mellon Corp decreased its holdings in iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) by 23.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 78,757 shares of the exchange traded fund’s stock after selling 24,431 shares during the quarter. Bank of New York Mellon Corp’s holdings in iShares iBoxx $ High Yield Corporate Bond ETF were worth $6,194,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in HYG. RPg Family Wealth Advisory LLC purchased a new position in iShares iBoxx $ High Yield Corporate Bond ETF in the 3rd quarter valued at approximately $108,000. YANKCOM Partnership acquired a new stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF in the fourth quarter valued at $109,000. Union Savings Bank acquired a new stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF in the fourth quarter valued at $137,000. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in iShares iBoxx $ High Yield Corporate Bond ETF by 82.7% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,879 shares of the exchange traded fund’s stock valued at $226,000 after purchasing an additional 1,303 shares during the period. Finally, Financial Management Professionals Inc. grew its stake in iShares iBoxx $ High Yield Corporate Bond ETF by 12.6% during the 4th quarter. Financial Management Professionals Inc. now owns 3,066 shares of the exchange traded fund’s stock worth $241,000 after purchasing an additional 342 shares in the last quarter.

iShares iBoxx $ High Yield Corporate Bond ETF Price Performance

HYG stock opened at $78.88 on Monday. The business’s 50-day moving average is $79.44 and its two-hundred day moving average is $79.44. The firm has a market capitalization of $15.06 billion, a P/E ratio of 16.45 and a beta of 0.46. iShares iBoxx $ High Yield Corporate Bond ETF has a 1 year low of $75.59 and a 1 year high of $80.37.

iShares iBoxx $ High Yield Corporate Bond ETF Company 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.