Strive Asset Management LLC Invests $1 Million in iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG)

Strive Asset Management LLC acquired a new position in shares of iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 12,715 shares of the exchange traded fund’s stock, valued at approximately $1,000,000.

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 lifted its position in iShares iBoxx $ High Yield Corporate Bond ETF by 67.7% during the fourth quarter. State of Tennessee Department of Treasury now owns 2,330,908 shares of the exchange traded fund’s stock worth $183,326,000 after purchasing an additional 940,923 shares during the period. Deseret Mutual Benefit Administrators acquired a new stake in iShares iBoxx $ High Yield Corporate Bond ETF during the 4th quarter valued at approximately $17,820,000. Allstate Corp grew its position 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 buying an additional 215,168 shares during the period. New Age Alpha Advisors LLC acquired a new stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF during the 4th quarter worth approximately $5,672,000. Finally, Ameriprise Financial Inc. lifted its holdings in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 4.5% in the 4th quarter. Ameriprise Financial Inc. now owns 1,657,223 shares of the exchange traded fund’s stock worth $130,426,000 after purchasing an additional 72,044 shares in the last quarter.

iShares iBoxx $ High Yield Corporate Bond ETF Trading Up 0.1%

Shares of NYSEARCA:HYG opened at $79.42 on Friday. The stock’s fifty day simple moving average is $78.32 and its two-hundred day simple moving average is $79.01. iShares iBoxx $ High Yield Corporate Bond ETF has a 1-year low of $75.08 and a 1-year high of $80.37. The stock has a market cap of $14.26 billion, a PE ratio of 10.84 and a beta of 0.41.

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.