Janney Montgomery Scott LLC Acquires 7,710 Shares of iShares iBoxx $ High Yield Corporate Bond ETF $HYG

Janney Montgomery Scott LLC grew its holdings in shares of iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) by 11.6% in the 1st quarter, HoldingsChannel reports. The firm owned 74,202 shares of the exchange traded fund’s stock after acquiring an additional 7,710 shares during the quarter. Janney Montgomery Scott LLC’s holdings in iShares iBoxx $ High Yield Corporate Bond ETF were worth $5,904,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in HYG. BNP Paribas boosted its holdings in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 4.1% in the 3rd quarter. BNP Paribas now owns 4,720,136 shares of the exchange traded fund’s stock worth $383,228,000 after buying an additional 184,894 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in iShares iBoxx $ High Yield Corporate Bond ETF by 18.4% during the third quarter. Ameriprise Financial Inc. now owns 1,818,659 shares of the exchange traded fund’s stock worth $147,320,000 after buying an additional 282,574 shares during the last quarter. iA Global Asset Management Inc. increased its holdings in iShares iBoxx $ High Yield Corporate Bond ETF by 16.8% during the fourth quarter. iA Global Asset Management Inc. now owns 1,300,125 shares of the exchange traded fund’s stock worth $104,829,000 after buying an additional 186,734 shares during the last quarter. Jump Financial LLC raised its position in iShares iBoxx $ High Yield Corporate Bond ETF by 335.3% in the fourth quarter. Jump Financial LLC now owns 720,900 shares of the exchange traded fund’s stock worth $58,126,000 after acquiring an additional 1,027,275 shares during the period. Finally, Cullen Frost Bankers Inc. raised its position in iShares iBoxx $ High Yield Corporate Bond ETF by 142.5% in the fourth quarter. Cullen Frost Bankers Inc. now owns 420,126 shares of the exchange traded fund’s stock worth $33,875,000 after acquiring an additional 246,871 shares during the period.

iShares iBoxx $ High Yield Corporate Bond ETF Price Performance

HYG opened at $79.71 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 company’s 50-day moving average price is $79.92 and its two-hundred day moving average price is $80.24. The stock has a market cap of $17.78 billion, a price-to-earnings ratio of 10.79 and a beta of 0.39.

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.