First PREMIER Bank Has $1.27 Million Position in iShares iBoxx $ High Yield Corporate Bond ETF $HYG

First PREMIER Bank boosted its holdings in iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) by 449.2% during the second quarter, HoldingsChannel.com reports. The fund owned 15,899 shares of the exchange traded fund’s stock after purchasing an additional 13,004 shares during the period. First PREMIER Bank’s holdings in iShares iBoxx $ High Yield Corporate Bond ETF were worth $1,271,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. lifted its stake in iShares iBoxx $ High Yield Corporate Bond ETF by 18.4% during the third quarter. Ameriprise Financial Inc. now owns 1,818,659 shares of the exchange traded fund’s stock worth $147,320,000 after purchasing an additional 282,574 shares during the period. iA Global Asset Management Inc. lifted its position in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 3.9% during the 1st quarter. iA Global Asset Management Inc. now owns 1,350,820 shares of the exchange traded fund’s stock worth $107,471,000 after buying an additional 50,695 shares during the period. Jump Financial LLC boosted its stake in iShares iBoxx $ High Yield Corporate Bond ETF by 335.3% in the 4th quarter. Jump Financial LLC now owns 720,900 shares of the exchange traded fund’s stock valued at $58,126,000 after buying an additional 1,027,275 shares in the last quarter. Cullen Frost Bankers Inc. grew its position in iShares iBoxx $ High Yield Corporate Bond ETF by 142.5% in the fourth quarter. Cullen Frost Bankers Inc. now owns 420,126 shares of the exchange traded fund’s stock valued at $33,875,000 after acquiring an additional 246,871 shares during the period. Finally, Stairway Partners LLC grew its position in iShares iBoxx $ High Yield Corporate Bond ETF by 9.0% in the second quarter. Stairway Partners LLC now owns 355,328 shares of the exchange traded fund’s stock valued at $28,416,000 after acquiring an additional 29,299 shares during the period.

iShares iBoxx $ High Yield Corporate Bond ETF Stock Performance

Shares of NYSEARCA HYG opened at $79.81 on Tuesday. The stock has a market cap of $16.69 billion, a PE ratio of 10.79 and a beta of 0.39. The business has a fifty day moving average of $79.65 and a two-hundred day moving average of $79.88. iShares iBoxx $ High Yield Corporate Bond ETF has a 52-week low of $78.57 and a 52-week high of $81.36.

iShares iBoxx $ High Yield Corporate Bond ETF 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. The Index may include large-, mid- or small-capitalization companies, and components primarily include consumer services, financial, industrials, and oil and gas companies.