HL Financial Services LLC boosted its position in iShares iBoxx $ High Yid Corp Bond (NYSE:HYG) by 3.5% during the second quarter, Holdings Channel reports. The firm owned 7,463 shares of the exchange traded fund’s stock after buying an additional 252 shares during the period. HL Financial Services LLC’s holdings in iShares iBoxx $ High Yid Corp Bond were worth $660,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of HYG. Financial Advisory Service Inc. increased its position in shares of iShares iBoxx $ High Yid Corp Bond by 11.9% in the second quarter. Financial Advisory Service Inc. now owns 15,421 shares of the exchange traded fund’s stock valued at $1,363,000 after buying an additional 1,636 shares during the last quarter. Cliftonlarsonallen Wealth Advisors LLC increased its position in shares of iShares iBoxx $ High Yid Corp Bond by 1.4% in the second quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 164,141 shares of the exchange traded fund’s stock valued at $14,508,000 after buying an additional 2,263 shares during the last quarter. Alley Co LLC increased its position in shares of iShares iBoxx $ High Yid Corp Bond by 1.1% in the second quarter. Alley Co LLC now owns 60,880 shares of the exchange traded fund’s stock valued at $5,381,000 after buying an additional 649 shares during the last quarter. Cullen Frost Bankers Inc. increased its position in shares of iShares iBoxx $ High Yid Corp Bond by 2.5% in the second quarter. Cullen Frost Bankers Inc. now owns 17,216 shares of the exchange traded fund’s stock valued at $1,522,000 after buying an additional 426 shares during the last quarter. Finally, Summit Rock Advisors LP increased its position in shares of iShares iBoxx $ High Yid Corp Bond by 114.1% in the second quarter. Summit Rock Advisors LP now owns 136,617 shares of the exchange traded fund’s stock valued at $12,076,000 after buying an additional 72,816 shares during the last quarter.

iShares iBoxx $ High Yid Corp Bond (NYSE:HYG) opened at 87.33 on Friday. The company has a 50-day moving average of $88.31 and a 200 day moving average of $87.86. iShares iBoxx $ High Yid Corp Bond has a 52 week low of $83.24 and a 52 week high of $89.04.

The business also recently announced a monthly dividend, which was paid on Monday, August 7th. Shareholders of record on Thursday, August 3rd were given a dividend of $0.3677 per share. The ex-dividend date of this dividend was Tuesday, August 1st. This represents a $4.41 annualized dividend and a yield of 5.05%.

COPYRIGHT VIOLATION NOTICE: This article was published by Daily Political and is owned by of Daily Political. If you are reading this article on another website, it was stolen and reposted in violation of international trademark and copyright laws. The correct version of this article can be accessed at https://www.dailypolitical.com/2017/08/13/ishares-iboxx-high-yid-corp-bond-hyg-stake-boosted-by-hl-financial-services-llc.html.

iShares iBoxx $ High Yid Corp Bond 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.

Want to see what other hedge funds are holding HYG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares iBoxx $ High Yid Corp Bond (NYSE:HYG).

Institutional Ownership by Quarter for iShares iBoxx $ High Yid Corp Bond (NYSE:HYG)

Receive News & Ratings for iShares iBoxx $ High Yid Corp Bond Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares iBoxx $ High Yid Corp Bond and related companies with MarketBeat.com's FREE daily email newsletter.