iShares iBoxx $ High Yield Corporate Bond ETF $HYG Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. lowered its position in iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) by 26.3% in the third quarter, HoldingsChannel reports. The institutional investor owned 7,541,281 shares of the exchange traded fund’s stock after selling 2,693,587 shares during the period. JPMorgan Chase & Co.’s holdings in iShares iBoxx $ High Yield Corporate Bond ETF were worth $612,277,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in HYG. Root Financial Partners LLC purchased a new stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF in the 3rd quarter worth about $40,000. FNY Investment Advisers LLC acquired a new position in iShares iBoxx $ High Yield Corporate Bond ETF during the second quarter worth about $48,000. First PREMIER Bank lifted its holdings in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 12,840.0% in the third quarter. First PREMIER Bank now owns 647 shares of the exchange traded fund’s stock valued at $53,000 after purchasing an additional 642 shares in the last quarter. Cornerstone Planning Group LLC acquired a new stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF in the third quarter valued at approximately $59,000. Finally, Hurley Capital LLC acquired a new stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF in the second quarter valued at approximately $67,000.

iShares iBoxx $ High Yield Corporate Bond ETF Price Performance

Shares of iShares iBoxx $ High Yield Corporate Bond ETF stock opened at $80.81 on Wednesday. iShares iBoxx $ High Yield Corporate Bond ETF has a 1 year low of $75.08 and a 1 year high of $81.36. The business has a 50 day moving average price of $80.82 and a 200 day moving average price of $80.73. The company has a market capitalization of $18.04 billion, a P/E ratio of 10.79 and a beta of 0.41.

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.