Baird Financial Group Inc. Trims Stock Position in iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG)

Baird Financial Group Inc. trimmed its stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) by 31.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 66,872 shares of the exchange traded fund’s stock after selling 31,312 shares during the quarter. Baird Financial Group Inc.’s holdings in iShares iBoxx $ High Yield Corporate Bond ETF were worth $5,259,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. WR Wealth Planners LLC lifted its position in iShares iBoxx $ High Yield Corporate Bond ETF by 48.2% in the fourth quarter. WR Wealth Planners LLC now owns 406 shares of the exchange traded fund’s stock valued at $32,000 after purchasing an additional 132 shares during the period. Lee Danner & Bass Inc. acquired a new stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF in the 4th quarter valued at approximately $79,000. YANKCOM Partnership acquired a new stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF in the 4th quarter valued at approximately $109,000. Union Savings Bank acquired a new position in iShares iBoxx $ High Yield Corporate Bond ETF during the fourth quarter worth $137,000. Finally, Providence First Trust Co acquired a new position in iShares iBoxx $ High Yield Corporate Bond ETF during the fourth quarter worth $199,000.

iShares iBoxx $ High Yield Corporate Bond ETF Stock Performance

iShares iBoxx $ High Yield Corporate Bond ETF stock opened at $78.55 on Friday. iShares iBoxx $ High Yield Corporate Bond ETF has a one year low of $75.08 and a one year high of $80.37. The company has a market cap of $14.11 billion, a P/E ratio of 10.84 and a beta of 0.41. The business has a fifty day moving average of $78.31 and a two-hundred day moving average of $79.02.

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.