Ironwood Investment Counsel LLC Cuts Position in iShares iBoxx $ High Yield Corporate Bond ETF $HYG

Ironwood Investment Counsel LLC decreased its position in iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) by 5.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,040 shares of the exchange traded fund’s stock after selling 1,175 shares during the quarter. Ironwood Investment Counsel LLC’s holdings in iShares iBoxx $ High Yield Corporate Bond ETF were worth $1,616,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of HYG. Bank of New York Mellon Corp grew its holdings in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 33.7% in the first quarter. Bank of New York Mellon Corp now owns 105,277 shares of the exchange traded fund’s stock valued at $8,305,000 after purchasing an additional 26,520 shares in the last quarter. Cullen Frost Bankers Inc. lifted its position in iShares iBoxx $ High Yield Corporate Bond ETF by 1.2% during the first quarter. Cullen Frost Bankers Inc. now owns 141,427 shares of the exchange traded fund’s stock valued at $11,157,000 after purchasing an additional 1,687 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 7.4% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 37,949 shares of the exchange traded fund’s stock worth $2,991,000 after buying an additional 2,599 shares in the last quarter. Advisors Preferred LLC grew its stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 63.8% in the 1st quarter. Advisors Preferred LLC now owns 80,985 shares of the exchange traded fund’s stock worth $6,373,000 after buying an additional 31,557 shares in the last quarter. Finally, Boyd Watterson Asset Management LLC OH increased its holdings in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 13.3% in the 1st quarter. Boyd Watterson Asset Management LLC OH now owns 2,158 shares of the exchange traded fund’s stock worth $170,000 after buying an additional 253 shares during the last quarter.

iShares iBoxx $ High Yield Corporate Bond ETF Trading Up 0.1%

Shares of NYSEARCA HYG opened at $80.69 on Wednesday. iShares iBoxx $ High Yield Corporate Bond ETF has a 12-month low of $75.08 and a 12-month high of $81.36. The firm’s 50-day moving average price is $80.82 and its 200-day moving average price is $80.18. The stock has a market capitalization of $19.09 billion, a price-to-earnings ratio of 10.79 and a beta of 0.41.

iShares iBoxx $ High Yield Corporate Bond ETF Company Profile

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.