Stelac Advisory Services LLC Raises Holdings in iShares iBoxx $ High Yield Corporate Bond ETF (HYG)

Stelac Advisory Services LLC raised its position in iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) by 296.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,122 shares of the exchange traded fund’s stock after buying an additional 9,816 shares during the quarter. iShares iBoxx $ High Yield Corporate Bond ETF makes up approximately 0.3% of Stelac Advisory Services LLC’s portfolio, making the stock its 25th biggest position. Stelac Advisory Services LLC’s holdings in iShares iBoxx $ High Yield Corporate Bond ETF were worth $1,124,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HYG. MetLife Investment Advisors LLC purchased a new stake in iShares iBoxx $ High Yield Corporate Bond ETF in the fourth quarter valued at approximately $116,000. AdvisorNet Financial Inc lifted its stake in iShares iBoxx $ High Yield Corporate Bond ETF by 78.4% in the first quarter. AdvisorNet Financial Inc now owns 1,368 shares of the exchange traded fund’s stock valued at $117,000 after buying an additional 601 shares during the last quarter. Fieldpoint Private Securities LLC raised its stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 840.0% during the fourth quarter. Fieldpoint Private Securities LLC now owns 1,410 shares of the exchange traded fund’s stock worth $123,000 after purchasing an additional 1,260 shares during the last quarter. Global Trust Asset Management LLC purchased a new stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF during the fourth quarter worth approximately $156,000. Finally, Certified Advisory Corp purchased a new stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF during the fourth quarter worth approximately $185,000.

iShares iBoxx $ High Yield Corporate Bond ETF opened at $85.56 on Monday, Marketbeat reports. iShares iBoxx $ High Yield Corporate Bond ETF has a 12 month low of $84.07 and a 12 month high of $89.04.

The business also recently declared a monthly dividend, which was paid on Monday, May 7th. Stockholders of record on Wednesday, May 2nd were paid a dividend of $0.3627 per share. This represents a $4.35 annualized dividend and a dividend yield of 5.09%. The ex-dividend date of this dividend was Tuesday, May 1st. This is a boost from iShares iBoxx $ High Yield Corporate Bond ETF’s previous monthly dividend of $0.35.

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.

Institutional Ownership by Quarter for iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG)

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