Burke & Herbert Bank & Trust Co. bought a new position in shares of iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG – Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 19,294 shares of the exchange traded fund’s stock, valued at approximately $1,488,000.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Wetzel Investment Advisors Inc. acquired a new position in iShares iBoxx $ High Yield Corporate Bond ETF during the fourth quarter valued at approximately $26,000. Able Wealth Management LLC acquired a new stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF in the 4th quarter valued at $39,000. American National Bank boosted its holdings in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 13,150.0% during the 4th quarter. American National Bank now owns 530 shares of the exchange traded fund’s stock valued at $41,000 after acquiring an additional 526 shares in the last quarter. Pathway Financial Advisers LLC acquired a new stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF during the 1st quarter valued at $41,000. Finally, Tidemark LLC acquired a new position in iShares iBoxx $ High Yield Corporate Bond ETF during the 4th quarter worth about $44,000.
iShares iBoxx $ High Yield Corporate Bond ETF Stock Performance
Shares of HYG stock traded up $0.37 during mid-day trading on Tuesday, hitting $78.39. The company’s stock had a trading volume of 37,309,925 shares, compared to its average volume of 37,220,973. The company’s fifty day simple moving average is $77.57 and its 200-day simple moving average is $77.23. iShares iBoxx $ High Yield Corporate Bond ETF has a 52 week low of $71.68 and a 52 week high of $78.60. The company has a market cap of $14.96 billion, a PE ratio of 9.60 and a beta of 0.36.
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.
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