Payden & Rygel Buys New Stake in iShares iBoxx $ High Yield Corporate Bond ETF $HYG

Payden & Rygel acquired a new stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 34,867 shares of the exchange traded fund’s stock, valued at approximately $2,811,000.

Several other large investors also recently modified their holdings of HYG. Burns J W & Co. Inc. NY increased its holdings in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 27.0% during the fourth quarter. Burns J W & Co. Inc. NY now owns 31,042 shares of the exchange traded fund’s stock worth $2,503,000 after buying an additional 6,605 shares in the last quarter. Bessemer Group Inc. raised its position in iShares iBoxx $ High Yield Corporate Bond ETF by 467.7% in the 3rd quarter. Bessemer Group Inc. now owns 46,435 shares of the exchange traded fund’s stock worth $3,770,000 after purchasing an additional 38,256 shares during the last quarter. Farmers & Merchants Investments Inc. raised its position in iShares iBoxx $ High Yield Corporate Bond ETF by 7.0% in the 4th quarter. Farmers & Merchants Investments Inc. now owns 162,343 shares of the exchange traded fund’s stock worth $13,090,000 after purchasing an additional 10,585 shares during the last quarter. Cullen Frost Bankers Inc. lifted its holdings in iShares iBoxx $ High Yield Corporate Bond ETF by 24.6% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 173,255 shares of the exchange traded fund’s stock worth $14,067,000 after buying an additional 34,225 shares in the last quarter. Finally, iA Global Asset Management Inc. boosted its position in iShares iBoxx $ High Yield Corporate Bond ETF by 1.2% in the 3rd quarter. iA Global Asset Management Inc. now owns 1,113,391 shares of the exchange traded fund’s stock valued at $90,396,000 after buying an additional 13,501 shares during the last quarter.

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

HYG stock opened at $79.54 on Tuesday. The business has a fifty day moving average of $79.85 and a 200-day moving average of $80.40. The company has a market cap of $17.01 billion, a P/E ratio of 10.79 and a beta of 0.40. iShares iBoxx $ High Yield Corporate Bond ETF has a twelve month low of $78.57 and a twelve month high of $81.36.

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. The Index may include large-, mid- or small-capitalization companies, and components primarily include consumer services, financial, industrials, and oil and gas companies.