State of Tennessee Department of Treasury Buys 940,923 Shares of iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG)

State of Tennessee Department of Treasury raised its position in shares of iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) by 67.7% during the 4th quarter, Holdings Channel reports. The fund owned 2,330,908 shares of the exchange traded fund’s stock after purchasing an additional 940,923 shares during the period. iShares iBoxx $ High Yield Corporate Bond ETF makes up approximately 0.7% of State of Tennessee Department of Treasury’s investment portfolio, making the stock its 26th biggest position. State of Tennessee Department of Treasury’s holdings in iShares iBoxx $ High Yield Corporate Bond ETF were worth $183,326,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Jump Financial LLC purchased a new position in shares of iShares iBoxx $ High Yield Corporate Bond ETF during the fourth quarter valued at $1,257,000. Rossby Financial LCC purchased a new position in shares of iShares iBoxx $ High Yield Corporate Bond ETF in the 4th quarter valued at about $1,307,000. Belpointe Asset Management LLC raised its position in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 2.4% during the 4th quarter. Belpointe Asset Management LLC now owns 25,460 shares of the exchange traded fund’s stock worth $2,020,000 after purchasing an additional 587 shares during the last quarter. Bessemer Group Inc. lifted its holdings in iShares iBoxx $ High Yield Corporate Bond ETF by 4.7% in the 4th quarter. Bessemer Group Inc. now owns 8,563 shares of the exchange traded fund’s stock valued at $673,000 after purchasing an additional 384 shares in the last quarter. Finally, Rathbones Group PLC purchased a new stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF in the fourth quarter valued at about $218,000.

iShares iBoxx $ High Yield Corporate Bond ETF Price Performance

NYSEARCA HYG opened at $77.77 on Monday. iShares iBoxx $ High Yield Corporate Bond ETF has a 12 month low of $75.08 and a 12 month high of $80.37. The stock has a market capitalization of $16.32 billion, a P/E ratio of 10.46 and a beta of 0.41. The firm’s 50-day moving average is $78.71 and its two-hundred day moving average is $79.12.

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.