MassMutual Private Wealth & Trust FSB Trims Position in iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG)

MassMutual Private Wealth & Trust FSB cut its stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) by 27.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,977 shares of the exchange traded fund’s stock after selling 1,542 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in iShares iBoxx $ High Yield Corporate Bond ETF were worth $313,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. City Holding Co. boosted its stake in iShares iBoxx $ High Yield Corporate Bond ETF by 11.9% during the fourth quarter. City Holding Co. now owns 19,244 shares of the exchange traded fund’s stock valued at $1,513,000 after buying an additional 2,051 shares during the period. Financial Management Professionals Inc. raised its holdings in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 12.6% in the 4th quarter. Financial Management Professionals Inc. now owns 3,066 shares of the exchange traded fund’s stock valued at $241,000 after acquiring an additional 342 shares in the last quarter. Arkadios Wealth Advisors boosted its position in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 2.2% during the 4th quarter. Arkadios Wealth Advisors now owns 16,008 shares of the exchange traded fund’s stock valued at $1,259,000 after acquiring an additional 348 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 82.7% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,879 shares of the exchange traded fund’s stock worth $226,000 after purchasing an additional 1,303 shares during the last quarter. Finally, Burns J W & Co. Inc. NY raised its stake in iShares iBoxx $ High Yield Corporate Bond ETF by 48.1% in the fourth quarter. Burns J W & Co. Inc. NY now owns 11,058 shares of the exchange traded fund’s stock valued at $870,000 after purchasing an additional 3,593 shares in the last quarter.

iShares iBoxx $ High Yield Corporate Bond ETF Price Performance

HYG stock opened at $79.56 on Thursday. The firm has a 50 day simple moving average of $79.22 and a two-hundred day simple moving average of $79.09. The stock has a market cap of $15.18 billion, a PE ratio of 9.60 and a beta of 0.36. iShares iBoxx $ High Yield Corporate Bond ETF has a one year low of $75.59 and a one year high of $80.37.

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.