NYL Investors LLC Reduces Holdings in iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG)

NYL Investors LLC lowered its stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) by 33.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 2,502,988 shares of the exchange traded fund’s stock after selling 1,260,110 shares during the quarter. iShares iBoxx $ High Yield Corporate Bond ETF makes up about 17.9% of NYL Investors LLC’s investment portfolio, making the stock its 2nd biggest position. NYL Investors LLC’s holdings in iShares iBoxx $ High Yield Corporate Bond ETF were worth $196,860,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Rebalance LLC raised its stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 2.7% in the third quarter. Rebalance LLC now owns 91,790 shares of the exchange traded fund’s stock worth $7,371,000 after purchasing an additional 2,396 shares during the last quarter. Boyd Watterson Asset Management LLC OH raised its stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 30.5% in the third quarter. Boyd Watterson Asset Management LLC OH now owns 2,486 shares of the exchange traded fund’s stock worth $200,000 after purchasing an additional 581 shares during the last quarter. Arkadios Wealth Advisors raised its stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 9.3% in the third quarter. Arkadios Wealth Advisors now owns 15,660 shares of the exchange traded fund’s stock worth $1,258,000 after purchasing an additional 1,326 shares during the last quarter. Amarillo National Bank raised its stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 1.2% in the third quarter. Amarillo National Bank now owns 190,961 shares of the exchange traded fund’s stock worth $15,334,000 after purchasing an additional 2,184 shares during the last quarter. Finally, Farmers & Merchants Investments Inc. raised its stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 3.2% in the third quarter. Farmers & Merchants Investments Inc. now owns 154,611 shares of the exchange traded fund’s stock worth $12,415,000 after purchasing an additional 4,775 shares during the last quarter.

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

Shares of NYSEARCA:HYG opened at $79.76 on Friday. The business has a 50-day moving average price of $79.22 and a 200-day moving average price of $79.28. The stock has a market cap of $15.22 billion, a price-to-earnings ratio of 9.60 and a beta of 0.36. iShares iBoxx $ High Yield Corporate Bond ETF has a 52-week low of $75.59 and a 52-week high of $80.37.

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.