iA Global Asset Management Inc. Purchases 50,695 Shares of iShares iBoxx $ High Yield Corporate Bond ETF $HYG

iA Global Asset Management Inc. raised its position in shares of iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) by 3.9% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 1,350,820 shares of the exchange traded fund’s stock after purchasing an additional 50,695 shares during the period. iShares iBoxx $ High Yield Corporate Bond ETF comprises about 1.5% of iA Global Asset Management Inc.’s investment portfolio, making the stock its 11th largest position. iA Global Asset Management Inc.’s holdings in iShares iBoxx $ High Yield Corporate Bond ETF were worth $107,471,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of HYG. Jump Financial LLC grew its position in shares of 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 worth $58,126,000 after buying an additional 1,027,275 shares during the period. Ameriprise Financial Inc. lifted its position in iShares iBoxx $ High Yield Corporate Bond ETF by 18.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,818,659 shares of the exchange traded fund’s stock valued at $147,320,000 after acquiring an additional 282,574 shares during the period. Cullen Frost Bankers Inc. lifted its position in iShares iBoxx $ High Yield Corporate Bond ETF by 142.5% during the 4th 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. BNP Paribas boosted its stake in iShares iBoxx $ High Yield Corporate Bond ETF by 4.1% during the third quarter. BNP Paribas now owns 4,720,136 shares of the exchange traded fund’s stock worth $383,228,000 after acquiring an additional 184,894 shares in the last quarter. Finally, Tudor Investment Corp ET AL bought a new stake in iShares iBoxx $ High Yield Corporate Bond ETF during the fourth quarter worth about $11,982,000.

iShares iBoxx $ High Yield Corporate Bond ETF Stock Performance

Shares of HYG opened at $79.97 on Wednesday. iShares iBoxx $ High Yield Corporate Bond ETF has a fifty-two week low of $78.57 and a fifty-two week high of $81.36. The firm’s 50-day simple moving average is $79.97 and its two-hundred day simple moving average is $80.26. The stock has a market cap of $17.10 billion, a PE ratio of 10.79 and a beta of 0.39.

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.