iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) Sets New 1-Year High at $78.60

iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) shares reached a new 52-week high during trading on Thursday . The stock traded as high as $78.60 and last traded at $78.54, with a volume of 3544563 shares trading hands. The stock had previously closed at $78.52.

iShares iBoxx $ High Yield Corporate Bond ETF Stock Performance

The firm has a market capitalization of $14.99 billion, a P/E ratio of 9.60 and a beta of 0.36. The firm’s 50-day moving average is $77.63 and its 200 day moving average is $77.25.

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

A number of institutional investors have recently made changes to their positions in HYG. Alley Investment Management Company LLC boosted its stake in iShares iBoxx $ High Yield Corporate Bond ETF by 4.9% in the second quarter. Alley Investment Management Company LLC now owns 132,615 shares of the exchange traded fund’s stock valued at $10,230,000 after buying an additional 6,212 shares in the last quarter. Toronto Dominion Bank lifted its position in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 528.9% during the 2nd quarter. Toronto Dominion Bank now owns 682,340 shares of the exchange traded fund’s stock valued at $52,636,000 after acquiring an additional 573,840 shares during the period. Mittelman Wealth Management raised its stake in iShares iBoxx $ High Yield Corporate Bond ETF by 125.1% during the 2nd quarter. Mittelman Wealth Management now owns 6,621 shares of the exchange traded fund’s stock worth $511,000 after buying an additional 3,680 shares during the period. EPIQ Capital Group LLC increased its stake in iShares iBoxx $ High Yield Corporate Bond ETF by 152.8% during the 2nd quarter. EPIQ Capital Group LLC now owns 10,910 shares of the exchange traded fund’s stock valued at $842,000 after purchasing an additional 6,594 shares in the last quarter. Finally, Prime Capital Investment Advisors LLC lifted its position in iShares iBoxx $ High Yield Corporate Bond ETF by 384.3% in the 2nd quarter. Prime Capital Investment Advisors LLC now owns 187,052 shares of the exchange traded fund’s stock valued at $14,429,000 after acquiring an additional 148,428 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.