Belvedere Trading LLC Makes New $1.04 Million Investment in iShares iBoxx $ High Yield Corporate Bond ETF $HYG

Belvedere Trading LLC acquired a new position in shares of iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 12,874 shares of the exchange traded fund’s stock, valued at approximately $1,038,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HYG. Elyxium Wealth LLC purchased a new position in shares of iShares iBoxx $ High Yield Corporate Bond ETF in the 4th quarter worth approximately $32,000. Triumph Capital Management purchased a new position in shares of iShares iBoxx $ High Yield Corporate Bond ETF in the 3rd quarter worth approximately $38,000. High Point Wealth Management LLC purchased a new position in shares of iShares iBoxx $ High Yield Corporate Bond ETF in the 4th quarter worth approximately $38,000. Cornerstone Planning Group LLC purchased a new position in shares of iShares iBoxx $ High Yield Corporate Bond ETF in the 3rd quarter worth approximately $59,000. Finally, Basepoint Wealth LLC purchased a new position in shares of iShares iBoxx $ High Yield Corporate Bond ETF in the 4th quarter worth approximately $92,000.

iShares iBoxx $ High Yield Corporate Bond ETF Stock Up 0.1%

Shares of NYSEARCA HYG opened at $80.31 on Friday. iShares iBoxx $ High Yield Corporate Bond ETF has a twelve month low of $78.57 and a twelve month high of $81.36. The stock’s 50 day moving average price is $79.91 and its 200-day moving average price is $80.37. The company has a market capitalization of $17.17 billion, a PE ratio of 10.79 and a beta of 0.40.

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.