USA Financial Formulas Sells 8,782 Shares of iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG)

USA Financial Formulas trimmed its holdings in shares of iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) by 6.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 124,266 shares of the exchange traded fund’s stock after selling 8,782 shares during the period. iShares iBoxx $ High Yield Corporate Bond ETF accounts for about 1.5% of USA Financial Formulas’ holdings, making the stock its 9th largest holding. USA Financial Formulas’ holdings in iShares iBoxx $ High Yield Corporate Bond ETF were worth $9,774,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in HYG. Loomis Sayles & Co. L P raised its position in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 2,933.8% during the 3rd quarter. Loomis Sayles & Co. L P now owns 3,903,830 shares of the exchange traded fund’s stock worth $313,478,000 after acquiring an additional 3,775,150 shares in the last quarter. BNP Paribas increased its stake in iShares iBoxx $ High Yield Corporate Bond ETF by 2,083.1% in the third quarter. BNP Paribas now owns 2,820,701 shares of the exchange traded fund’s stock valued at $226,502,000 after purchasing an additional 2,691,493 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in iShares iBoxx $ High Yield Corporate Bond ETF by 50.0% during the third quarter. JPMorgan Chase & Co. now owns 1,842,486 shares of the exchange traded fund’s stock worth $147,952,000 after purchasing an additional 614,400 shares in the last quarter. Toronto Dominion Bank lifted its position in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 528.9% during the 2nd quarter. Toronto Dominion Bank now owns 682,340 shares of the exchange traded fund’s stock worth $52,636,000 after buying an additional 573,840 shares during the last quarter. Finally, Money Design Co. Ltd. acquired a new position in shares of iShares iBoxx $ High Yield Corporate Bond ETF in the 3rd quarter valued at $20,068,000.

iShares iBoxx $ High Yield Corporate Bond ETF Price Performance

NYSEARCA HYG opened at $79.30 on Thursday. The firm’s fifty day moving average price is $79.23 and its 200 day moving average price is $79.00. iShares iBoxx $ High Yield Corporate Bond ETF has a 12 month low of $75.59 and a 12 month high of $80.37. The company has a market capitalization of $15.13 billion, a price-to-earnings ratio of 9.60 and a beta of 0.36.

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.