iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) Shares Acquired by Allstate Corp

Allstate Corp boosted its position in iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) by 61.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 564,114 shares of the exchange traded fund’s stock after buying an additional 215,168 shares during the quarter. iShares iBoxx $ High Yield Corporate Bond ETF accounts for approximately 1.3% of Allstate Corp’s holdings, making the stock its 13th biggest holding. Allstate Corp owned about 0.30% of iShares iBoxx $ High Yield Corporate Bond ETF worth $44,368,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in HYG. WR Wealth Planners LLC increased its stake 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 buying an additional 132 shares during the last quarter. Lee Danner & Bass Inc. acquired a new position in iShares iBoxx $ High Yield Corporate Bond ETF during the 4th quarter worth $79,000. YANKCOM Partnership bought a new stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF in the 4th quarter worth about $109,000. Union Savings Bank acquired a new stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF in the 4th quarter valued at about $137,000. Finally, Providence First Trust Co bought a new position in shares of iShares iBoxx $ High Yield Corporate Bond ETF during the fourth quarter worth about $199,000.

iShares iBoxx $ High Yield Corporate Bond ETF Stock Performance

NYSEARCA:HYG opened at $78.80 on Friday. The stock has a 50-day simple moving average of $79.49 and a 200 day simple moving average of $79.43. iShares iBoxx $ High Yield Corporate Bond ETF has a one year low of $75.59 and a one year high of $80.37. The company has a market capitalization of $15.28 billion, a price-to-earnings ratio of 10.89 and a beta of 0.46.

About iShares iBoxx $ High Yield Corporate Bond ETF

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.