iA Global Asset Management Inc. Has $104.83 Million Stock Position in iShares iBoxx $ High Yield Corporate Bond ETF $HYG

iA Global Asset Management Inc. grew its position in iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) by 16.8% during the fourth quarter, HoldingsChannel reports. The firm owned 1,300,125 shares of the exchange traded fund’s stock after buying an additional 186,734 shares during the period. iShares iBoxx $ High Yield Corporate Bond ETF comprises approximately 1.3% of iA Global Asset Management Inc.’s portfolio, making the stock its 15th largest holding. iA Global Asset Management Inc.’s holdings in iShares iBoxx $ High Yield Corporate Bond ETF were worth $104,829,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of HYG. Triumph Capital Management bought a new stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF in the 3rd quarter valued at $38,000. High Point Wealth Management LLC bought a new stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF in the 4th quarter valued at $38,000. Root Financial Partners LLC bought a new stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF in the 3rd quarter valued at $40,000. Cornerstone Planning Group LLC bought a new stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF in the 3rd quarter valued at $59,000. Finally, FNY Investment Advisers LLC boosted its stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 116.7% in the 3rd quarter. FNY Investment Advisers LLC now owns 1,300 shares of the exchange traded fund’s stock valued at $105,000 after purchasing an additional 700 shares during the last quarter.

iShares iBoxx $ High Yield Corporate Bond ETF Stock Performance

NYSEARCA:HYG opened at $79.46 on Friday. The firm’s fifty day moving average is $79.86 and its 200-day moving average is $80.42. iShares iBoxx $ High Yield Corporate Bond ETF has a 52 week low of $78.57 and a 52 week high of $81.36. The firm has a market cap of $16.99 billion, a P/E ratio of 10.79 and a beta of 0.40.

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.