BTS Asset Management Inc. Increases Holdings in iShares iBoxx $ High Yid Corp Bond (HYG)

BTS Asset Management Inc. boosted its stake in shares of iShares iBoxx $ High Yid Corp Bond (NYSEARCA:HYG) by 11.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,696,279 shares of the exchange traded fund’s stock after buying an additional 490,683 shares during the quarter. iShares iBoxx $ High Yid Corp Bond accounts for about 43.7% of BTS Asset Management Inc.’s holdings, making the stock its biggest holding. BTS Asset Management Inc. owned approximately 2.13% of iShares iBoxx $ High Yid Corp Bond worth $414,931,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in HYG. Dai Ichi Life Insurance Company Ltd boosted its stake in shares of iShares iBoxx $ High Yid Corp Bond by 50.0% in the third quarter. Dai Ichi Life Insurance Company Ltd now owns 3,030,000 shares of the exchange traded fund’s stock valued at $268,943,000 after purchasing an additional 1,010,000 shares during the period. Schroder Investment Management Group boosted its stake in shares of iShares iBoxx $ High Yid Corp Bond by 1,502.7% in the third quarter. Schroder Investment Management Group now owns 81,562 shares of the exchange traded fund’s stock valued at $7,229,000 after purchasing an additional 76,473 shares during the period. JPMorgan Chase & Co. raised its holdings in iShares iBoxx $ High Yid Corp Bond by 376.5% in the third quarter. JPMorgan Chase & Co. now owns 1,258,825 shares of the exchange traded fund’s stock valued at $111,569,000 after acquiring an additional 994,631 shares in the last quarter. Wade G W & Inc. raised its holdings in iShares iBoxx $ High Yid Corp Bond by 66.4% in the third quarter. Wade G W & Inc. now owns 17,759 shares of the exchange traded fund’s stock valued at $1,576,000 after acquiring an additional 7,088 shares in the last quarter. Finally, FTB Advisors Inc. raised its holdings in iShares iBoxx $ High Yid Corp Bond by 2.1% in the third quarter. FTB Advisors Inc. now owns 93,138 shares of the exchange traded fund’s stock valued at $8,229,000 after acquiring an additional 1,951 shares in the last quarter.

Shares of iShares iBoxx $ High Yid Corp Bond (NYSEARCA HYG) traded up $0.06 during trading hours on Monday, reaching $87.87. 3,126,500 shares of the company traded hands, compared to its average volume of 10,853,119. iShares iBoxx $ High Yid Corp Bond has a 52-week low of $84.87 and a 52-week high of $89.04.

The company also recently announced a monthly dividend, which was paid on Tuesday, November 7th. Investors of record on Thursday, November 2nd were issued a $0.3656 dividend. This is a boost from iShares iBoxx $ High Yid Corp Bond’s previous monthly dividend of $0.37. The ex-dividend date of this dividend was Wednesday, November 1st. This represents a $4.39 annualized dividend and a yield of 4.99%. iShares iBoxx $ High Yid Corp Bond’s dividend payout ratio (DPR) is 105.74%.

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iShares iBoxx $ High Yid Corp Bond 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.

Institutional Ownership by Quarter for iShares iBoxx $ High Yid Corp Bond (NYSEARCA:HYG)

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