Traders Buy iShares iBoxx $ High Yield Corporate Bond ETF (HYG) on Weakness

Investors purchased shares of iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) on weakness during trading on Friday. $167.71 million flowed into the stock on the tick-up and $130.55 million flowed out of the stock on the tick-down, for a money net flow of $37.16 million into the stock. Of all companies tracked, iShares iBoxx $ High Yield Corporate Bond ETF had the 23rd highest net in-flow for the day. iShares iBoxx $ High Yield Corporate Bond ETF traded down ($0.03) for the day and closed at $85.91

The firm also recently declared a monthly dividend, which was paid on Monday, July 9th. Shareholders of record on Tuesday, July 3rd were paid a $0.3811 dividend. The ex-dividend date was Monday, July 2nd. This represents a $4.57 annualized dividend and a yield of 5.32%.

Hedge funds have recently modified their holdings of the business. Fisher Asset Management LLC increased its stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 2.0% during the 1st quarter. Fisher Asset Management LLC now owns 3,046,254 shares of the exchange traded fund’s stock worth $260,881,000 after purchasing an additional 60,789 shares during the last quarter. FormulaFolio Investments LLC increased its stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 45.6% during the 2nd quarter. FormulaFolio Investments LLC now owns 2,657,297 shares of the exchange traded fund’s stock worth $226,083,000 after purchasing an additional 832,364 shares during the last quarter. Stone Harbor Investment Partners LP acquired a new position in shares of iShares iBoxx $ High Yield Corporate Bond ETF during the 2nd quarter worth about $120,010,000. US Bancorp DE increased its stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 63.9% during the 1st quarter. US Bancorp DE now owns 855,490 shares of the exchange traded fund’s stock worth $73,264,000 after purchasing an additional 333,452 shares during the last quarter. Finally, Washington Trust Bank increased its stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 3.8% during the 2nd quarter. Washington Trust Bank now owns 563,561 shares of the exchange traded fund’s stock worth $47,948,000 after purchasing an additional 20,551 shares during the last quarter.

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.

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