Richardson Financial Services Inc. Has $3.01 Million Position in iShares iBoxx $ High Yield Corporate Bond ETF $HYG

Richardson Financial Services Inc. boosted its stake in iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) by 26.0% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 37,047 shares of the exchange traded fund’s stock after buying an additional 7,635 shares during the period. iShares iBoxx $ High Yield Corporate Bond ETF makes up 1.9% of Richardson Financial Services Inc.’s portfolio, making the stock its 10th largest holding. Richardson Financial Services Inc.’s holdings in iShares iBoxx $ High Yield Corporate Bond ETF were worth $3,008,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Nations Financial Group Inc. IA ADV boosted its holdings in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 1.6% during the third quarter. Nations Financial Group Inc. IA ADV now owns 42,178 shares of the exchange traded fund’s stock worth $3,424,000 after acquiring an additional 684 shares during the period. TD Private Client Wealth LLC lifted its holdings in iShares iBoxx $ High Yield Corporate Bond ETF by 1.5% during the 3rd quarter. TD Private Client Wealth LLC now owns 56,651 shares of the exchange traded fund’s stock worth $4,599,000 after purchasing an additional 821 shares during the last quarter. First Horizon Corp bought a new stake in iShares iBoxx $ High Yield Corporate Bond ETF in the 3rd quarter valued at $318,000. MorganRosel Wealth Management LLC boosted its stake in iShares iBoxx $ High Yield Corporate Bond ETF by 4.2% in the 3rd quarter. MorganRosel Wealth Management LLC now owns 54,498 shares of the exchange traded fund’s stock valued at $4,425,000 after purchasing an additional 2,206 shares during the period. Finally, Strategic Blueprint LLC grew its holdings in iShares iBoxx $ High Yield Corporate Bond ETF by 43.3% in the 3rd quarter. Strategic Blueprint LLC now owns 14,561 shares of the exchange traded fund’s stock valued at $1,182,000 after buying an additional 4,398 shares in the last quarter.

iShares iBoxx $ High Yield Corporate Bond ETF Price Performance

HYG stock opened at $81.09 on Friday. 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 stock has a market capitalization of $18.82 billion, a price-to-earnings ratio of 10.79 and a beta of 0.41. The business’s fifty day moving average price is $80.65 and its two-hundred day moving average price is $80.62.

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. The Index may include large-, mid- or small-capitalization companies, and components primarily include consumer services, financial, industrials, and oil and gas companies.