Worth Asset Management LLC Raises Stock Position in iShares iBoxx $ High Yield Corporate Bond ETF $HYG

Worth Asset Management LLC grew its stake in iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) by 61.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 33,552 shares of the exchange traded fund’s stock after purchasing an additional 12,709 shares during the quarter. iShares iBoxx $ High Yield Corporate Bond ETF comprises about 1.0% of Worth Asset Management LLC’s holdings, making the stock its 20th biggest holding. Worth Asset Management LLC’s holdings in iShares iBoxx $ High Yield Corporate Bond ETF were worth $2,669,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. NewEdge Advisors LLC increased its position in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 130.8% during the first quarter. NewEdge Advisors LLC now owns 17,128 shares of the exchange traded fund’s stock valued at $1,351,000 after buying an additional 9,708 shares during the period. Tolleson Wealth Management Inc. boosted its position in iShares iBoxx $ High Yield Corporate Bond ETF by 15.7% during the 2nd quarter. Tolleson Wealth Management Inc. now owns 7,259 shares of the exchange traded fund’s stock valued at $585,000 after acquiring an additional 987 shares in the last quarter. Washington Trust Advisors Inc. boosted its position in iShares iBoxx $ High Yield Corporate Bond ETF by 2.8% during the 3rd quarter. Washington Trust Advisors Inc. now owns 63,186 shares of the exchange traded fund’s stock valued at $5,130,000 after acquiring an additional 1,745 shares in the last quarter. Strive Asset Management LLC purchased a new position in shares of iShares iBoxx $ High Yield Corporate Bond ETF during the 3rd quarter worth approximately $5,039,000. Finally, RPg Family Wealth Advisory LLC purchased a new position in shares of iShares iBoxx $ High Yield Corporate Bond ETF during the 3rd quarter worth approximately $410,000.

iShares iBoxx $ High Yield Corporate Bond ETF Stock Performance

Shares of NYSEARCA:HYG opened at $79.94 on Tuesday. The firm has a market capitalization of $17.09 billion, a P/E ratio of 10.79 and a beta of 0.39. The stock has a 50 day moving average price of $80.03 and a 200-day moving average price of $80.29. iShares iBoxx $ High Yield Corporate Bond ETF has a 52-week low of $78.57 and a 52-week high of $81.36.

About iShares iBoxx $ High Yield Corporate Bond ETF

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.