Worth Asset Management LLC Has $6.12 Million Position in iShares iBoxx $ High Yield Corporate Bond ETF $HYG

Worth Asset Management LLC lifted its position in shares of iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) by 128.2% during the 2nd quarter, HoldingsChannel reports. The fund owned 76,549 shares of the exchange traded fund’s stock after purchasing an additional 42,997 shares during the period. iShares iBoxx $ High Yield Corporate Bond ETF comprises approximately 2.0% of Worth Asset Management LLC’s portfolio, making the stock its 7th largest holding. Worth Asset Management LLC’s holdings in iShares iBoxx $ High Yield Corporate Bond ETF were worth $6,122,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. NewEdge Advisors LLC increased its holdings in iShares iBoxx $ High Yield Corporate Bond ETF by 130.8% in the 1st quarter. NewEdge Advisors LLC now owns 17,128 shares of the exchange traded fund’s stock worth $1,351,000 after purchasing an additional 9,708 shares in the last quarter. Tolleson Wealth Management Inc. boosted its stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 15.7% during the second quarter. Tolleson Wealth Management Inc. now owns 7,259 shares of the exchange traded fund’s stock valued at $585,000 after purchasing an additional 987 shares in the last quarter. Russell Investments Group Ltd. acquired a new stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF during the third quarter valued at about $1,603,000. Seven Mile Advisory bought a new stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF during the third quarter worth about $297,000. Finally, Ameriprise Financial Inc. grew its holdings in shares of 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 purchasing an additional 282,574 shares during the last quarter.

iShares iBoxx $ High Yield Corporate Bond ETF Price Performance

iShares iBoxx $ High Yield Corporate Bond ETF stock opened at $79.61 on Friday. The business has a 50 day moving average of $79.68 and a 200-day moving average of $80.03. iShares iBoxx $ High Yield Corporate Bond ETF has a 1 year low of $78.57 and a 1 year high of $81.36. The company has a market capitalization of $16.65 billion, a P/E ratio of 10.79 and a beta of 0.39.

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.