Rossby Financial LCC Invests $1.31 Million in iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG)

Rossby Financial LCC bought a new stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 16,615 shares of the exchange traded fund’s stock, valued at approximately $1,307,000. iShares iBoxx $ High Yield Corporate Bond ETF accounts for approximately 0.8% of Rossby Financial LCC’s investment portfolio, making the stock its 25th biggest position.

A number of other large investors also recently added to or reduced their stakes in HYG. Belpointe Asset Management LLC lifted its holdings in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 2.4% in the fourth quarter. Belpointe Asset Management LLC now owns 25,460 shares of the exchange traded fund’s stock worth $2,020,000 after buying an additional 587 shares in the last quarter. Bessemer Group Inc. lifted its stake in iShares iBoxx $ High Yield Corporate Bond ETF by 4.7% in the 4th quarter. Bessemer Group Inc. now owns 8,563 shares of the exchange traded fund’s stock worth $673,000 after purchasing an additional 384 shares in the last quarter. Rathbones Group PLC bought a new position in shares of iShares iBoxx $ High Yield Corporate Bond ETF during the 4th quarter valued at about $218,000. Titleist Asset Management LLC purchased a new position in shares of iShares iBoxx $ High Yield Corporate Bond ETF during the fourth quarter valued at about $305,000. Finally, OLD Mission Capital LLC bought a new stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF in the fourth quarter worth about $337,000.

iShares iBoxx $ High Yield Corporate Bond ETF Price Performance

NYSEARCA:HYG opened at $76.74 on Monday. The company has a market cap of $16.11 billion, a price-to-earnings ratio of 10.46 and a beta of 0.41. iShares iBoxx $ High Yield Corporate Bond ETF has a 1 year low of $75.08 and a 1 year high of $80.37. The stock’s 50 day simple moving average is $78.92 and its two-hundred day simple moving average is $79.21.

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.