Bessemer Group Inc. Raises Holdings in iShares iBoxx $ High Yield Corporate Bond ETF $HYG

Bessemer Group Inc. grew its holdings in iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) by 467.7% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 46,435 shares of the exchange traded fund’s stock after buying an additional 38,256 shares during the quarter. Bessemer Group Inc.’s holdings in iShares iBoxx $ High Yield Corporate Bond ETF were worth $3,770,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the business. Root Financial Partners LLC purchased a new position in iShares iBoxx $ High Yield Corporate Bond ETF in the third quarter worth $40,000. FNY Investment Advisers LLC purchased a new stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF during the 2nd quarter worth $48,000. First PREMIER Bank grew its stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 12,840.0% during the 3rd quarter. First PREMIER Bank now owns 647 shares of the exchange traded fund’s stock worth $53,000 after purchasing an additional 642 shares during the period. Cornerstone Planning Group LLC purchased a new position in shares of iShares iBoxx $ High Yield Corporate Bond ETF in the 3rd quarter valued at about $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 about $67,000.

iShares iBoxx $ High Yield Corporate Bond ETF Trading Up 0.3%

HYG stock opened at $80.81 on Friday. The company’s 50-day moving average price is $80.79 and its 200 day moving average price is $80.71. iShares iBoxx $ High Yield Corporate Bond ETF has a 52 week low of $75.08 and a 52 week high of $81.36. The company has a market cap of $18.04 billion, a P/E ratio of 10.79 and a beta of 0.41.

iShares iBoxx $ High Yield Corporate Bond ETF 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.