iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) Sets New 12-Month Low – Should You Sell?

iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) shares hit a new 52-week low on Monday . The company traded as low as $78.56 and last traded at $78.5050, with a volume of 11957 shares trading hands. The stock had previously closed at $78.60.

iShares iBoxx $ High Yield Corporate Bond ETF Stock Performance

The stock’s 50 day simple moving average is $79.50 and its 200 day simple moving average is $79.77. The firm has a market cap of $16.42 billion, a PE ratio of 10.79 and a beta of 0.39.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Elyxium Wealth LLC purchased a new position in shares of iShares iBoxx $ High Yield Corporate Bond ETF in the 4th quarter worth about $32,000. Triumph Capital Management bought a new stake in iShares iBoxx $ High Yield Corporate Bond ETF in the 3rd quarter worth approximately $38,000. IFC & Insurance Marketing Inc. purchased a new stake in iShares iBoxx $ High Yield Corporate Bond ETF in the fourth quarter worth approximately $81,000. Sound Income Strategies LLC boosted its stake in iShares iBoxx $ High Yield Corporate Bond ETF by 14.8% in the first quarter. Sound Income Strategies LLC now owns 1,068 shares of the exchange traded fund’s stock worth $85,000 after buying an additional 138 shares in the last quarter. Finally, Basepoint Wealth LLC bought a new position in iShares iBoxx $ High Yield Corporate Bond ETF during the fourth quarter valued at approximately $92,000.

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. The Index may include large-, mid- or small-capitalization companies, and components primarily include consumer services, financial, industrials, and oil and gas companies.