iShares iBoxx $ High Yield Corporate Bond ETF $HYG Stock: Richardson Financial Services Inc. Decreases Stake

Richardson Financial Services Inc. cut its position in shares of iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) by 43.4% in the third quarter, Holdings Channel reports. The institutional investor owned 22,305 shares of the exchange traded fund’s stock after selling 17,095 shares during the period. iShares iBoxx $ High Yield Corporate Bond ETF comprises 1.0% of Richardson Financial Services Inc.’s portfolio, making the stock its 21st biggest holding. Richardson Financial Services Inc.’s holdings in iShares iBoxx $ High Yield Corporate Bond ETF were worth $1,722,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Stairway Partners LLC bought a new stake in iShares iBoxx $ High Yield Corporate Bond ETF in the 3rd quarter valued at approximately $27,512,000. Rathbones Group PLC grew its stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 171.7% during the 1st quarter. Rathbones Group PLC now owns 14,945 shares of the exchange traded fund’s stock worth $1,189,000 after acquiring an additional 9,444 shares in the last quarter. Continuum Advisory LLC grew its stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 46.4% during the 2nd quarter. Continuum Advisory LLC now owns 37,102 shares of the exchange traded fund’s stock worth $2,967,000 after acquiring an additional 11,761 shares in the last quarter. Ramsey Quantitative Systems bought a new position in shares of iShares iBoxx $ High Yield Corporate Bond ETF during the 2nd quarter worth approximately $1,200,000. Finally, First PREMIER Bank grew its stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 449.2% during the 2nd quarter. First PREMIER Bank now owns 15,899 shares of the exchange traded fund’s stock worth $1,271,000 after acquiring an additional 13,004 shares in the last quarter.

iShares iBoxx $ High Yield Corporate Bond ETF Stock Up 0.7%

NYSEARCA HYG opened at $77.52 on Thursday. iShares iBoxx $ High Yield Corporate Bond ETF has a 12-month low of $76.39 and a 12-month high of $81.24. The company has a market capitalization of $17.79 billion, a PE ratio of 10.79 and a beta of 0.42. The firm’s 50 day moving average is $77.91 and its 200-day moving average is $79.48.

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.