BNP Paribas Purchases 2,691,493 Shares of iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG)

BNP Paribas increased its holdings in shares of iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) by 2,083.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,820,701 shares of the exchange traded fund’s stock after acquiring an additional 2,691,493 shares during the quarter. iShares iBoxx $ High Yield Corporate Bond ETF comprises about 9.4% of BNP Paribas’ investment portfolio, making the stock its largest holding. BNP Paribas’ holdings in iShares iBoxx $ High Yield Corporate Bond ETF were worth $226,502,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Lazard Asset Management LLC acquired a new position in shares of iShares iBoxx $ High Yield Corporate Bond ETF during the first quarter worth $3,022,000. First Horizon Advisors Inc. raised its holdings in iShares iBoxx $ High Yield Corporate Bond ETF by 8.5% in the 2nd quarter. First Horizon Advisors Inc. now owns 7,377 shares of the exchange traded fund’s stock valued at $569,000 after buying an additional 577 shares during the last quarter. Rosenberg Matthew Hamilton boosted its position in iShares iBoxx $ High Yield Corporate Bond ETF by 50.9% during the 2nd quarter. Rosenberg Matthew Hamilton now owns 990 shares of the exchange traded fund’s stock worth $76,000 after buying an additional 334 shares during the period. Farmers & Merchants Investments Inc. grew its holdings in iShares iBoxx $ High Yield Corporate Bond ETF by 1.3% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 149,836 shares of the exchange traded fund’s stock worth $11,558,000 after acquiring an additional 1,921 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its position in iShares iBoxx $ High Yield Corporate Bond ETF by 77.0% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,473 shares of the exchange traded fund’s stock valued at $114,000 after acquiring an additional 641 shares during the period.

iShares iBoxx $ High Yield Corporate Bond ETF Stock Performance

HYG stock opened at $79.64 on Wednesday. iShares iBoxx $ High Yield Corporate Bond ETF has a 52-week low of $74.93 and a 52-week high of $80.37. The company has a market capitalization of $15.20 billion, a P/E ratio of 9.60 and a beta of 0.36. The company has a fifty day moving average price of $79.59 and a 200-day moving average price of $78.51.

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.