BNP Paribas raised its position in shares of iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG – Free Report) by 296.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,535,242 shares of the exchange traded fund’s stock after purchasing an additional 3,390,278 shares during the quarter. iShares iBoxx $ High Yield Corporate Bond ETF accounts for approximately 11.9% of BNP Paribas’ holdings, making the stock its biggest position. BNP Paribas owned about 2.19% of iShares iBoxx $ High Yield Corporate Bond ETF worth $365,767,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Cary Street Partners Financial LLC boosted its holdings in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 3.3% in the second quarter. Cary Street Partners Financial LLC now owns 4,077 shares of the exchange traded fund’s stock worth $329,000 after buying an additional 129 shares during the last quarter. Citizens & Northern Corp raised its position in iShares iBoxx $ High Yield Corporate Bond ETF by 2.7% in the second quarter. Citizens & Northern Corp now owns 7,019 shares of the exchange traded fund’s stock worth $566,000 after acquiring an additional 182 shares during the period. WASHINGTON TRUST Co boosted its stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 1.6% during the 2nd quarter. WASHINGTON TRUST Co now owns 11,650 shares of the exchange traded fund’s stock worth $940,000 after acquiring an additional 188 shares during the last quarter. ST Germain D J Co. Inc. boosted its stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 207.7% during the 2nd quarter. ST Germain D J Co. Inc. now owns 480 shares of the exchange traded fund’s stock worth $39,000 after acquiring an additional 324 shares during the last quarter. Finally, Tolleson Wealth Management Inc. grew its position in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 6.8% during the 1st quarter. Tolleson Wealth Management Inc. now owns 6,272 shares of the exchange traded fund’s stock valued at $495,000 after acquiring an additional 397 shares during the period.
iShares iBoxx $ High Yield Corporate Bond ETF Price Performance
NYSEARCA:HYG opened at $80.73 on Thursday. iShares iBoxx $ High Yield Corporate Bond ETF has a one year low of $75.08 and a one year high of $81.36. The business has a fifty day moving average price of $80.61 and a 200-day moving average price of $80.41. The firm has a market capitalization of $19.10 billion, a price-to-earnings ratio of 10.79 and a beta of 0.41.
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.
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