IHT Wealth Management LLC Sells 6,728 Shares of iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG)

IHT Wealth Management LLC decreased its holdings in shares of iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) by 38.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,551 shares of the exchange traded fund’s stock after selling 6,728 shares during the quarter. IHT Wealth Management LLC’s holdings in iShares iBoxx $ High Yield Corporate Bond ETF were worth $830,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HYG. State of Tennessee Department of Treasury boosted its position in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 67.7% in the fourth quarter. State of Tennessee Department of Treasury now owns 2,330,908 shares of the exchange traded fund’s stock valued at $183,326,000 after acquiring an additional 940,923 shares during the period. JPMorgan Chase & Co. grew its position in iShares iBoxx $ High Yield Corporate Bond ETF by 50.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,842,486 shares of the exchange traded fund’s stock worth $147,952,000 after purchasing an additional 614,400 shares during the last quarter. Allstate Corp increased 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 worth $44,368,000 after purchasing an additional 215,168 shares during the period. Stairway Partners LLC lifted its stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 3.5% in the fourth quarter. Stairway Partners LLC now owns 307,948 shares of the exchange traded fund’s stock valued at $24,220,000 after buying an additional 10,464 shares during the period. Finally, Summit Global Investments grew its position in iShares iBoxx $ High Yield Corporate Bond ETF by 6.5% during the fourth quarter. Summit Global Investments now owns 245,883 shares of the exchange traded fund’s stock worth $19,339,000 after buying an additional 14,982 shares in the last quarter.

iShares iBoxx $ High Yield Corporate Bond ETF Stock Up 0.9 %

iShares iBoxx $ High Yield Corporate Bond ETF stock opened at $78.70 on Friday. The business has a 50 day moving average price of $78.57 and a two-hundred day moving average price of $79.09. 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 cap of $16.52 billion, a price-to-earnings ratio of 10.46 and a beta of 0.41.

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.