Ramsey Quantitative Systems Invests $1.20 Million in iShares iBoxx $ High Yield Corporate Bond ETF $HYG

Ramsey Quantitative Systems acquired a new stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) during the second quarter, HoldingsChannel reports. The firm acquired 15,000 shares of the exchange traded fund’s stock, valued at approximately $1,200,000. iShares iBoxx $ High Yield Corporate Bond ETF accounts for 1.1% of Ramsey Quantitative Systems’ holdings, making the stock its 4th largest holding.

A number of other large investors have also modified their holdings of the company. Elyxium Wealth LLC bought a new position in iShares iBoxx $ High Yield Corporate Bond ETF in the fourth quarter worth $32,000. High Point Wealth Management LLC acquired a new position in shares of iShares iBoxx $ High Yield Corporate Bond ETF in the 4th quarter valued at $38,000. Triumph Capital Management bought a new position in shares of iShares iBoxx $ High Yield Corporate Bond ETF during the 3rd quarter worth about $38,000. IFC & Insurance Marketing Inc. acquired a new stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF during the 4th quarter valued at about $81,000. Finally, Sound Income Strategies LLC boosted its position in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 14.8% during the 1st quarter. Sound Income Strategies LLC now owns 1,068 shares of the exchange traded fund’s stock valued at $85,000 after acquiring an additional 138 shares in the last quarter.

iShares iBoxx $ High Yield Corporate Bond ETF Stock Up 0.0%

NYSEARCA:HYG opened at $79.51 on Wednesday. The firm has a market capitalization of $16.63 billion, a PE ratio of 10.79 and a beta of 0.39. iShares iBoxx $ High Yield Corporate Bond ETF has a 12-month low of $78.57 and a 12-month high of $81.36. The firm has a 50-day moving average price of $79.67 and a 200 day moving average price of $80.00.

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.