Investors sold shares of iShares iBoxx $ High Yid Corp Bond (NYSE:HYG) on strength during trading on Thursday. $49.14 million flowed into the stock on the tick-up and $114.45 million flowed out of the stock on the tick-down, for a money net flow of $65.31 million out of the stock. Of all stocks tracked, iShares iBoxx $ High Yid Corp Bond had the 7th highest net out-flow for the day. iShares iBoxx $ High Yid Corp Bond traded up $0.01 for the day and closed at $88.07

The firm has a 50-day moving average price of $88.22 and a 200-day moving average price of $87.93.

The company also recently declared a monthly dividend, which will be paid on Friday, September 8th. Shareholders of record on Wednesday, September 6th will be paid a $0.3703 dividend. The ex-dividend date is Friday, September 1st. This represents a $4.44 dividend on an annualized basis and a yield of 5.05%. This is a boost from iShares iBoxx $ High Yid Corp Bond’s previous monthly dividend of $0.37.

Hedge funds have recently made changes to their positions in the business. Alken Asset Management Ltd. acquired a new stake in iShares iBoxx $ High Yid Corp Bond in the second quarter valued at $126,000. Capital Advisors Ltd. LLC lifted its stake in iShares iBoxx $ High Yid Corp Bond by 5.2% in the second quarter. Capital Advisors Ltd. LLC now owns 1,727 shares of the exchange traded fund’s stock valued at $153,000 after acquiring an additional 85 shares during the last quarter. Forward Management LLC acquired a new stake in iShares iBoxx $ High Yid Corp Bond in the second quarter valued at $191,000. Tower Research Capital LLC TRC lifted its stake in iShares iBoxx $ High Yid Corp Bond by 239.7% in the second quarter. Tower Research Capital LLC TRC now owns 2,167 shares of the exchange traded fund’s stock valued at $192,000 after acquiring an additional 1,529 shares during the last quarter. Finally, Usca Ria LLC lifted its stake in iShares iBoxx $ High Yid Corp Bond by 6.1% in the second quarter. Usca Ria LLC now owns 2,456 shares of the exchange traded fund’s stock valued at $217,000 after acquiring an additional 141 shares during the last quarter.

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About iShares iBoxx $ High Yid Corp Bond

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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