Provenance Wealth Advisors LLC Invests $1.49 Million in iShares iBoxx $ High Yield Corporate Bond ETF $HYG

Provenance Wealth Advisors LLC bought a new position in iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 18,428 shares of the exchange traded fund’s stock, valued at approximately $1,486,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HYG. Triumph Capital Management purchased a new stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF in the 3rd quarter worth about $38,000. Root Financial Partners LLC purchased a new stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF in the 3rd quarter worth about $40,000. First PREMIER Bank grew its position in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 12,840.0% in the 3rd quarter. First PREMIER Bank now owns 647 shares of the exchange traded fund’s stock worth $53,000 after buying an additional 642 shares during the period. Cornerstone Planning Group LLC purchased a new stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF in the 3rd quarter worth about $59,000. Finally, Trust Co. of Vermont grew its position in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 111,700.0% in the 3rd quarter. Trust Co. of Vermont now owns 1,118 shares of the exchange traded fund’s stock worth $91,000 after buying an additional 1,117 shares during the period.

iShares iBoxx $ High Yield Corporate Bond ETF Price Performance

NYSEARCA:HYG opened at $80.46 on Thursday. The firm’s 50-day moving average price is $80.09 and its 200-day moving average price is $80.50. The company has a market capitalization of $16.95 billion, a PE ratio of 10.79 and a beta of 0.42. iShares iBoxx $ High Yield Corporate Bond ETF has a 1-year low of $77.11 and a 1-year high of $81.36.

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. The Index may include large-, mid- or small-capitalization companies, and components primarily include consumer services, financial, industrials, and oil and gas companies.