iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) Hits New 52-Week Low – Time to Sell?

Shares of iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) reached a new 52-week low during trading on Wednesday . The company traded as low as $78.36 and last traded at $78.3250, with a volume of 6324483 shares trading hands. The stock had previously closed at $78.67.

iShares iBoxx $ High Yield Corporate Bond ETF Price Performance

The stock has a market capitalization of $14.84 billion, a price-to-earnings ratio of 10.79 and a beta of 0.39. The business has a fifty day moving average of $79.34 and a 200 day moving average of $79.67.

Institutional Trading of iShares iBoxx $ High Yield Corporate Bond ETF

Large investors have recently made changes to their positions in the company. Acasta Partners UK LLP grew its holdings in iShares iBoxx $ High Yield Corporate Bond ETF by 95.4% during the second quarter. Acasta Partners UK LLP now owns 198,841 shares of the exchange traded fund’s stock worth $15,901,000 after purchasing an additional 97,104 shares during the period. iA Global Asset Management Inc. grew its holdings in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 3.9% during the 1st quarter. iA Global Asset Management Inc. now owns 1,350,820 shares of the exchange traded fund’s stock valued at $107,471,000 after purchasing an additional 50,695 shares during the last quarter. Worth Asset Management LLC increased its holdings in iShares iBoxx $ High Yield Corporate Bond ETF by 128.2% in the 2nd quarter. Worth Asset Management LLC now owns 76,549 shares of the exchange traded fund’s stock worth $6,122,000 after purchasing an additional 42,997 shares in the last quarter. Stairway Partners LLC lifted its holdings in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 9.0% during the second quarter. Stairway Partners LLC now owns 355,328 shares of the exchange traded fund’s stock worth $28,416,000 after purchasing an additional 29,299 shares during the period. Finally, Dorsey Wright & Associates increased its position in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 605.6% during the first quarter. Dorsey Wright & Associates now owns 30,997 shares of the exchange traded fund’s stock worth $2,466,000 after buying an additional 26,604 shares during the period.

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