Wedbush Securities Inc. Cuts Position in iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG)

Wedbush Securities Inc. lowered its position in shares of iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) by 18.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 8,763 shares of the exchange traded fund’s stock after selling 1,941 shares during the quarter. Wedbush Securities Inc.’s holdings in iShares iBoxx $ High Yield Corporate Bond ETF were worth $689,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. JPMorgan Chase & Co. raised its position in iShares iBoxx $ High Yield Corporate Bond ETF by 50.0% in the third quarter. JPMorgan Chase & Co. now owns 1,842,486 shares of the exchange traded fund’s stock valued at $147,952,000 after purchasing an additional 614,400 shares during the period. Allstate Corp raised its holdings in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 61.7% during the 4th quarter. Allstate Corp now owns 564,114 shares of the exchange traded fund’s stock valued at $44,368,000 after buying an additional 215,168 shares during the period. Stairway Partners LLC lifted its position in iShares iBoxx $ High Yield Corporate Bond ETF by 3.5% during the 4th quarter. Stairway Partners LLC now owns 307,948 shares of the exchange traded fund’s stock worth $24,220,000 after acquiring an additional 10,464 shares in the last quarter. Summit Global Investments boosted its holdings in iShares iBoxx $ High Yield Corporate Bond ETF by 6.5% in the 4th quarter. Summit Global Investments now owns 245,883 shares of the exchange traded fund’s stock worth $19,339,000 after acquiring an additional 14,982 shares during the period. Finally, Deseret Mutual Benefit Administrators acquired a new stake in iShares iBoxx $ High Yield Corporate Bond ETF in the fourth quarter valued at approximately $17,820,000.

iShares iBoxx $ High Yield Corporate Bond ETF Trading Down 0.9 %

NYSEARCA HYG opened at $76.10 on Tuesday. The stock has a market cap of $15.97 billion, a P/E ratio of 10.46 and a beta of 0.41. The company’s fifty day simple moving average is $79.27 and its 200-day simple moving average is $79.35. iShares iBoxx $ High Yield Corporate Bond ETF has a 52 week low of $75.59 and a 52 week high of $80.37.

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.