iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) Reaches New 1-Year High at $79.04

Shares of iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) reached a new 52-week high on Wednesday . The company traded as high as $79.04 and last traded at $79.01, with a volume of 18044025 shares trading hands. The stock had previously closed at $78.90.

iShares iBoxx $ High Yield Corporate Bond ETF Trading Up 0.3 %

The stock has a fifty day moving average of $77.77 and a two-hundred day moving average of $77.28. The stock has a market capitalization of $15.09 billion, a price-to-earnings ratio of 9.60 and a beta of 0.36.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Alley Investment Management Company LLC boosted its position in iShares iBoxx $ High Yield Corporate Bond ETF by 4.9% in the 2nd 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 during the last quarter. Toronto Dominion Bank boosted its position in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 528.9% in the 2nd quarter. Toronto Dominion Bank now owns 682,340 shares of the exchange traded fund’s stock worth $52,636,000 after purchasing an additional 573,840 shares during the last quarter. Mittelman Wealth Management boosted its position in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 125.1% in the 2nd quarter. Mittelman Wealth Management now owns 6,621 shares of the exchange traded fund’s stock worth $511,000 after purchasing an additional 3,680 shares during the last quarter. EPIQ Capital Group LLC boosted its position in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 152.8% in the 2nd quarter. EPIQ Capital Group LLC now owns 10,910 shares of the exchange traded fund’s stock worth $842,000 after purchasing an additional 6,594 shares during the last quarter. Finally, Prime Capital Investment Advisors LLC boosted its position in shares of 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 worth $14,429,000 after purchasing an additional 148,428 shares during 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.