Valmark Advisers Inc. Raises Stake in iShares iBoxx $ High Yid Corp Bond (HYG)

Valmark Advisers Inc. raised its holdings in shares of iShares iBoxx $ High Yid Corp Bond (NYSE:HYG) by 1.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,953,316 shares of the exchange traded fund’s stock after acquiring an additional 20,501 shares during the quarter. iShares iBoxx $ High Yid Corp Bond makes up approximately 4.1% of Valmark Advisers Inc.’s holdings, making the stock its 9th biggest position. Valmark Advisers Inc. owned approximately 0.89% of iShares iBoxx $ High Yid Corp Bond worth $173,376,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the company. BTS Asset Management Inc. grew its stake in shares of iShares iBoxx $ High Yid Corp Bond by 24.6% during the 2nd quarter. BTS Asset Management Inc. now owns 4,205,596 shares of the exchange traded fund’s stock worth $371,721,000 after acquiring an additional 828,964 shares in the last quarter. TIAA FSB grew its stake in shares of iShares iBoxx $ High Yid Corp Bond by 5.2% during the 3rd quarter. TIAA FSB now owns 3,165,724 shares of the exchange traded fund’s stock worth $280,990,000 after acquiring an additional 156,189 shares in the last quarter. Employees Retirement System of Texas grew its stake in shares of iShares iBoxx $ High Yid Corp Bond by 7.4% during the 2nd quarter. Employees Retirement System of Texas now owns 2,900,000 shares of the exchange traded fund’s stock worth $256,331,000 after acquiring an additional 200,000 shares in the last quarter. Northwestern Mutual Investment Management Company LLC grew its stake in shares of iShares iBoxx $ High Yid Corp Bond by 8,161.3% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 2,588,837 shares of the exchange traded fund’s stock valued at $219,274,000 after buying an additional 2,557,500 shares in the last quarter. Finally, Global Financial Private Capital LLC grew its stake in shares of iShares iBoxx $ High Yid Corp Bond by 4.6% in the second quarter. Global Financial Private Capital LLC now owns 1,694,261 shares of the exchange traded fund’s stock valued at $149,756,000 after buying an additional 75,000 shares in the last quarter.

iShares iBoxx $ High Yid Corp Bond (HYG) traded down $0.24 during trading hours on Tuesday, hitting $86.81. 4,070,211 shares of the company traded hands. iShares iBoxx $ High Yid Corp Bond has a twelve month low of $83.24 and a twelve month high of $89.04.

The company also recently announced a monthly dividend, which was paid on Tuesday, November 7th. Investors of record on Thursday, November 2nd were paid a $0.3656 dividend. The ex-dividend date was Wednesday, November 1st. This is a boost from iShares iBoxx $ High Yid Corp Bond’s previous monthly dividend of $0.37. This represents a $4.39 annualized dividend and a dividend yield of 5.05%.

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iShares iBoxx $ High Yid Corp Bond 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.

Institutional Ownership by Quarter for iShares iBoxx $ High Yid Corp Bond (NYSE:HYG)

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