Alley Co LLC raised its stake in iShares iBoxx $ High Yid Corp Bond (NYSE:HYG) by 1.1% during the second quarter, Holdings Channel reports. The firm owned 60,880 shares of the exchange traded fund’s stock after buying an additional 649 shares during the period. iShares iBoxx $ High Yid Corp Bond comprises 2.0% of Alley Co LLC’s investment portfolio, making the stock its 17th largest position. Alley Co LLC’s holdings in iShares iBoxx $ High Yid Corp Bond were worth $5,381,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Capital Advisors Ltd. LLC increased its position in iShares iBoxx $ High Yid Corp Bond by 5.2% in the second quarter. Capital Advisors Ltd. LLC now owns 1,727 shares of the exchange traded fund’s stock valued at $153,000 after buying an additional 85 shares during the period. Nwam LLC boosted its stake in iShares iBoxx $ High Yid Corp Bond by 3.5% in the second quarter. Nwam LLC now owns 3,153 shares of the exchange traded fund’s stock valued at $279,000 after buying an additional 108 shares in the last quarter. IPG Investment Advisors LLC boosted its stake in iShares iBoxx $ High Yid Corp Bond by 38.0% in the second quarter. IPG Investment Advisors LLC now owns 4,265 shares of the exchange traded fund’s stock valued at $377,000 after buying an additional 1,175 shares in the last quarter. Honkamp Krueger Financial Services Inc. boosted its stake in iShares iBoxx $ High Yid Corp Bond by 25.3% in the second quarter. Honkamp Krueger Financial Services Inc. now owns 6,589 shares of the exchange traded fund’s stock valued at $582,000 after buying an additional 1,332 shares in the last quarter. Finally, Clear Harbor Asset Management LLC boosted its stake in iShares iBoxx $ High Yid Corp Bond by 2.9% in the second quarter. Clear Harbor Asset Management LLC now owns 7,640 shares of the exchange traded fund’s stock valued at $674,000 after buying an additional 214 shares in the last quarter.
Shares of iShares iBoxx $ High Yid Corp Bond (NYSE:HYG) opened at 88.50 on Monday. iShares iBoxx $ High Yid Corp Bond has a 52-week low of $83.24 and a 52-week high of $89.04. The stock’s 50 day moving average is $88.35 and its 200 day moving average is $87.82.
The business also recently announced a monthly dividend, which will be paid on Monday, August 7th. Investors of record on Thursday, August 3rd will be given a dividend of $0.3677 per share. The ex-dividend date of this dividend is Tuesday, August 1st. This represents a $4.41 dividend on an annualized basis and a dividend yield of 4.99%.
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About iShares iBoxx $ High Yid Corp Bond
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.
Want to see what other hedge funds are holding HYG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares iBoxx $ High Yid Corp Bond (NYSE:HYG).
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