iShares iBoxx $ High Yield Corporate Bond ETF $HYG Stock Sold by Farmers & Merchants Investments Inc.

Farmers & Merchants Investments Inc. decreased its stake in iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) by 46.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 170,749 shares of the exchange traded fund’s stock after selling 148,403 shares during the quarter. Farmers & Merchants Investments Inc.’s holdings in iShares iBoxx $ High Yield Corporate Bond ETF were worth $13,184,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. raised its position in iShares iBoxx $ High Yield Corporate Bond ETF by 4.3% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,118 shares of the exchange traded fund’s stock valued at $249,000 after acquiring an additional 128 shares in the last quarter. Sound Income Strategies LLC boosted its position in iShares iBoxx $ High Yield Corporate Bond ETF by 14.8% in the 1st quarter. Sound Income Strategies LLC now owns 1,068 shares of the exchange traded fund’s stock worth $85,000 after purchasing an additional 138 shares in the last quarter. Washington Trust Advisors Inc. boosted its position in iShares iBoxx $ High Yield Corporate Bond ETF by 0.3% in the 2nd quarter. Washington Trust Advisors Inc. now owns 63,034 shares of the exchange traded fund’s stock worth $5,041,000 after purchasing an additional 173 shares in the last quarter. Aventus Investment Advisors Inc. grew its stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 1.5% during the 3rd quarter. Aventus Investment Advisors Inc. now owns 14,949 shares of the exchange traded fund’s stock worth $1,154,000 after purchasing an additional 214 shares during the period. Finally, Manning & Napier Advisors LLC grew its stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 3.8% during the 1st quarter. Manning & Napier Advisors LLC now owns 6,483 shares of the exchange traded fund’s stock worth $516,000 after purchasing an additional 237 shares during the period.

iShares iBoxx $ High Yield Corporate Bond ETF Price Performance

NYSEARCA:HYG opened at $77.05 on Friday. The firm has a market cap of $16.86 billion, a price-to-earnings ratio of 10.79 and a beta of 0.41. The company has a 50 day moving average price of $78.27 and a 200-day moving average price of $79.30. iShares iBoxx $ High Yield Corporate Bond ETF has a 1-year low of $76.39 and a 1-year high of $81.33.

iShares iBoxx $ High Yield Corporate Bond ETF 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. The Index may include large-, mid- or small-capitalization companies, and components primarily include consumer services, financial, industrials, and oil and gas companies.