Deseret Mutual Benefit Administrators Makes New Investment in iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG)

Deseret Mutual Benefit Administrators bought a new position in iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) during the fourth quarter, HoldingsChannel.com reports. The fund bought 226,574 shares of the exchange traded fund’s stock, valued at approximately $17,820,000. iShares iBoxx $ High Yield Corporate Bond ETF makes up about 8.8% of Deseret Mutual Benefit Administrators’ holdings, making the stock its 3rd largest holding.

Several other hedge funds have also recently made changes to their positions in HYG. Lorne Steinberg Wealth Management Inc. lifted its position in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 4.8% during the fourth quarter. Lorne Steinberg Wealth Management Inc. now owns 27,573 shares of the exchange traded fund’s stock worth $2,169,000 after purchasing an additional 1,265 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC lifted its holdings in iShares iBoxx $ High Yield Corporate Bond ETF by 7.4% during the 4th quarter. Pinnacle Wealth Management Advisory Group LLC now owns 5,468 shares of the exchange traded fund’s stock valued at $430,000 after buying an additional 378 shares in the last quarter. Nations Financial Group Inc. IA ADV boosted its position in iShares iBoxx $ High Yield Corporate Bond ETF by 107.3% in the 4th quarter. Nations Financial Group Inc. IA ADV now owns 41,228 shares of the exchange traded fund’s stock valued at $3,243,000 after buying an additional 21,343 shares during the period. White Pine Capital LLC grew its stake in iShares iBoxx $ High Yield Corporate Bond ETF by 4.2% in the 4th quarter. White Pine Capital LLC now owns 4,065 shares of the exchange traded fund’s stock worth $320,000 after acquiring an additional 162 shares in the last quarter. Finally, Farmers & Merchants Investments Inc. increased its position in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 10.5% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 170,877 shares of the exchange traded fund’s stock worth $13,439,000 after acquiring an additional 16,266 shares during the period.

iShares iBoxx $ High Yield Corporate Bond ETF Stock Performance

iShares iBoxx $ High Yield Corporate Bond ETF stock opened at $79.65 on Friday. The company has a market capitalization of $15.20 billion, a PE ratio of 9.60 and a beta of 0.36. The company has a 50 day moving average price of $79.21 and a 200-day moving average price of $79.32. iShares iBoxx $ High Yield Corporate Bond ETF has a fifty-two week low of $75.59 and a fifty-two week high of $80.37.

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.