Dorsey Wright & Associates Buys 26,604 Shares of iShares iBoxx $ High Yield Corporate Bond ETF $HYG

Dorsey Wright & Associates raised its stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) by 605.6% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 30,997 shares of the exchange traded fund’s stock after buying an additional 26,604 shares during the quarter. Dorsey Wright & Associates’ holdings in iShares iBoxx $ High Yield Corporate Bond ETF were worth $2,466,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of HYG. Jump Financial LLC grew its holdings in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 335.3% during the fourth quarter. Jump Financial LLC now owns 720,900 shares of the exchange traded fund’s stock worth $58,126,000 after purchasing an additional 1,027,275 shares in the last quarter. Ameriprise Financial Inc. lifted its position in iShares iBoxx $ High Yield Corporate Bond ETF by 18.4% during the third quarter. Ameriprise Financial Inc. now owns 1,818,659 shares of the exchange traded fund’s stock valued at $147,320,000 after purchasing an additional 282,574 shares during the last quarter. Cullen Frost Bankers Inc. grew its stake in iShares iBoxx $ High Yield Corporate Bond ETF by 142.5% in the 4th quarter. Cullen Frost Bankers Inc. now owns 420,126 shares of the exchange traded fund’s stock worth $33,875,000 after buying an additional 246,871 shares in the last quarter. iA Global Asset Management Inc. grew its stake in iShares iBoxx $ High Yield Corporate Bond ETF by 16.8% in the 4th quarter. iA Global Asset Management Inc. now owns 1,300,125 shares of the exchange traded fund’s stock worth $104,829,000 after buying an additional 186,734 shares in the last quarter. Finally, Tudor Investment Corp ET AL bought a new position in shares of iShares iBoxx $ High Yield Corporate Bond ETF in the 4th quarter worth $11,982,000.

iShares iBoxx $ High Yield Corporate Bond ETF Stock Performance

NYSEARCA HYG opened at $79.65 on Friday. iShares iBoxx $ High Yield Corporate Bond ETF has a 52-week low of $78.57 and a 52-week high of $81.36. The company has a fifty day moving average of $79.82 and a 200-day moving average of $80.18. The company has a market capitalization of $16.15 billion, a P/E ratio of 10.79 and a beta of 0.39.

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.