iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) Reaches New 52-Week Low – Should You Sell?

iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) hit a new 52-week low on Tuesday . The stock traded as low as $75.42 and last traded at $75.75, with a volume of 102101378 shares changing hands. The stock had previously closed at $76.10.

iShares iBoxx $ High Yield Corporate Bond ETF Stock Down 0.5 %

The firm has a market capitalization of $15.90 billion, a PE ratio of 10.46 and a beta of 0.41. The stock has a 50-day simple moving average of $79.27 and a 200-day simple moving average of $79.35.

Institutional Investors Weigh In On iShares iBoxx $ High Yield Corporate Bond ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. WR Wealth Planners LLC boosted its holdings in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 48.2% in the fourth quarter. WR Wealth Planners LLC now owns 406 shares of the exchange traded fund’s stock worth $32,000 after acquiring an additional 132 shares during the period. Lee Danner & Bass Inc. purchased a new stake in iShares iBoxx $ High Yield Corporate Bond ETF during the 4th quarter worth about $79,000. YANKCOM Partnership bought a new position in iShares iBoxx $ High Yield Corporate Bond ETF in the 4th quarter worth about $109,000. Union Savings Bank purchased a new position in iShares iBoxx $ High Yield Corporate Bond ETF during the 4th quarter valued at about $137,000. Finally, Providence First Trust Co bought a new stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF during the fourth quarter valued at about $199,000.

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.