Summit Global Investments Has $19.34 Million Stock Holdings in iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG)

Summit Global Investments boosted its stake in iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) by 6.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 245,883 shares of the exchange traded fund’s stock after purchasing an additional 14,982 shares during the period. iShares iBoxx $ High Yield Corporate Bond ETF makes up 1.2% of Summit Global Investments’ portfolio, making the stock its 10th largest position. Summit Global Investments’ holdings in iShares iBoxx $ High Yield Corporate Bond ETF were worth $19,339,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HYG. WR Wealth Planners LLC grew its stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 48.2% during the 4th quarter. WR Wealth Planners LLC now owns 406 shares of the exchange traded fund’s stock worth $32,000 after acquiring an additional 132 shares during the period. Lee Danner & Bass Inc. bought a new position in iShares iBoxx $ High Yield Corporate Bond ETF during the fourth quarter worth about $79,000. RPg Family Wealth Advisory LLC purchased a new position in shares of iShares iBoxx $ High Yield Corporate Bond ETF in the third quarter worth about $108,000. YANKCOM Partnership bought a new stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF in the fourth quarter valued at approximately $109,000. Finally, Union Savings Bank purchased a new stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF during the 4th quarter valued at approximately $137,000.

iShares iBoxx $ High Yield Corporate Bond ETF Trading Down 0.2 %

iShares iBoxx $ High Yield Corporate Bond ETF stock opened at $79.22 on Friday. The firm has a 50 day simple moving average of $79.48 and a 200 day simple moving average of $79.43. iShares iBoxx $ High Yield Corporate Bond ETF has a 1-year low of $75.59 and a 1-year high of $80.37. The firm has a market capitalization of $15.36 billion, a price-to-earnings ratio of 10.89 and a beta of 0.46.

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.