Traders Sell iShares iBoxx $ High Yid Corp Bond (HYG) on Strength (HYG)

Investors sold shares of iShares iBoxx $ High Yid Corp Bond (NYSEARCA:HYG) on strength during trading hours on Wednesday. $139.71 million flowed into the stock on the tick-up and $226.53 million flowed out of the stock on the tick-down, for a money net flow of $86.82 million out of the stock. Of all companies tracked, iShares iBoxx $ High Yid Corp Bond had the 22nd highest net out-flow for the day. iShares iBoxx $ High Yid Corp Bond traded up $0.15 for the day and closed at $85.41

The company has a market cap of $15,470.00 and a P/E ratio of 20.40.

The company also recently announced a monthly dividend, which was paid on Wednesday, February 7th. Stockholders of record on Friday, February 2nd were paid a $0.3663 dividend. This represents a $4.40 annualized dividend and a dividend yield of 5.15%. The ex-dividend date of this dividend was Thursday, February 1st. This is a boost from iShares iBoxx $ High Yid Corp Bond’s previous monthly dividend of $0.36. iShares iBoxx $ High Yid Corp Bond’s dividend payout ratio (DPR) is 106.46%.

Hedge funds have recently added to or reduced their stakes in the company. Scottrade Investment Management lifted its stake in shares of iShares iBoxx $ High Yid Corp Bond by 10.1% in the third quarter. Scottrade Investment Management now owns 1,439,362 shares of the exchange traded fund’s stock valued at $127,758,000 after purchasing an additional 131,700 shares during the period. Belpointe Asset Management LLC acquired a new stake in shares of iShares iBoxx $ High Yid Corp Bond in the third quarter valued at about $1,154,000. Navellier & Associates Inc lifted its stake in shares of iShares iBoxx $ High Yid Corp Bond by 13.1% in the second quarter. Navellier & Associates Inc now owns 5,597 shares of the exchange traded fund’s stock valued at $495,000 after purchasing an additional 649 shares during the period. BTS Asset Management Inc. lifted its stake in shares of iShares iBoxx $ High Yid Corp Bond by 11.7% in the third quarter. BTS Asset Management Inc. now owns 4,696,279 shares of the exchange traded fund’s stock valued at $414,931,000 after purchasing an additional 490,683 shares during the period. Finally, IFC Holdings Incorporated FL lifted its stake in shares of iShares iBoxx $ High Yid Corp Bond by 15.0% in the third quarter. IFC Holdings Incorporated FL now owns 229,752 shares of the exchange traded fund’s stock valued at $20,396,000 after purchasing an additional 30,044 shares during the period.

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iShares iBoxx $ High Yid Corp Bond 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.

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