Worth Asset Management LLC Has $8.30 Million Stock Holdings in iShares iBoxx $ High Yield Corporate Bond ETF $HYG

Worth Asset Management LLC boosted its stake in iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) by 34.2% during the third quarter, Holdings Channel reports. The institutional investor owned 102,225 shares of the exchange traded fund’s stock after buying an additional 26,041 shares during the period. iShares iBoxx $ High Yield Corporate Bond ETF comprises approximately 3.7% of Worth Asset Management LLC’s investment portfolio, making the stock its 5th biggest position. Worth Asset Management LLC’s holdings in iShares iBoxx $ High Yield Corporate Bond ETF were worth $8,300,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Baird Financial Group Inc. grew its position in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 23.1% in the 2nd quarter. Baird Financial Group Inc. now owns 103,036 shares of the exchange traded fund’s stock valued at $8,310,000 after buying an additional 19,309 shares during the last quarter. Trust Co. of Toledo NA OH acquired a new position in shares of iShares iBoxx $ High Yield Corporate Bond ETF during the second quarter worth approximately $121,000. Grey Fox Wealth Advisors LLC increased its stake in iShares iBoxx $ High Yield Corporate Bond ETF by 21.8% during the 2nd quarter. Grey Fox Wealth Advisors LLC now owns 21,518 shares of the exchange traded fund’s stock valued at $1,735,000 after purchasing an additional 3,848 shares in the last quarter. Dearborn Partners LLC bought a new position in shares of iShares iBoxx $ High Yield Corporate Bond ETF in the second quarter valued at $760,000. Finally, Amarillo National Bank increased its position in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 6.5% during the second quarter. Amarillo National Bank now owns 190,207 shares of the exchange traded fund’s stock worth $15,340,000 after acquiring an additional 11,598 shares in the last quarter.

iShares iBoxx $ High Yield Corporate Bond ETF Stock Performance

Shares of NYSEARCA HYG opened at $80.60 on Friday. The stock has a market cap of $19.07 billion, a price-to-earnings ratio of 10.79 and a beta of 0.41. iShares iBoxx $ High Yield Corporate Bond ETF has a fifty-two week low of $75.08 and a fifty-two week high of $81.36. The firm’s 50-day simple moving average is $80.60 and its 200 day simple moving average is $80.52.

iShares iBoxx $ High Yield Corporate Bond ETF 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. The Index may include large-, mid- or small-capitalization companies, and components primarily include consumer services, financial, industrials, and oil and gas companies.