Pinnacle Wealth Management Advisory Group LLC Increases Holdings in iShares iBoxx $ High Yield Corporate Bond ETF $HYG

Pinnacle Wealth Management Advisory Group LLC boosted its position in iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) by 8.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,193 shares of the exchange traded fund’s stock after purchasing an additional 625 shares during the period. Pinnacle Wealth Management Advisory Group LLC’s holdings in iShares iBoxx $ High Yield Corporate Bond ETF were worth $661,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bank of New York Mellon Corp boosted its position in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 33.7% in the 1st quarter. Bank of New York Mellon Corp now owns 105,277 shares of the exchange traded fund’s stock worth $8,305,000 after buying an additional 26,520 shares in the last quarter. SBI Securities Co. Ltd. increased its holdings in iShares iBoxx $ High Yield Corporate Bond ETF by 11.4% during the 1st quarter. SBI Securities Co. Ltd. now owns 60,129 shares of the exchange traded fund’s stock valued at $4,744,000 after acquiring an additional 6,169 shares in the last quarter. Cullen Frost Bankers Inc. raised 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 worth $11,157,000 after acquiring an additional 1,687 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 7.4% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 37,949 shares of the exchange traded fund’s stock valued at $2,991,000 after purchasing an additional 2,599 shares in the last quarter. Finally, Advisors Preferred LLC lifted its holdings in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 63.8% in the first quarter. Advisors Preferred LLC now owns 80,985 shares of the exchange traded fund’s stock valued at $6,373,000 after purchasing an additional 31,557 shares in the last quarter.

iShares iBoxx $ High Yield Corporate Bond ETF Price Performance

HYG stock opened at $80.33 on Monday. The company’s 50 day simple moving average is $80.82 and its 200-day simple moving average is $80.16. 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 has a market capitalization of $19.01 billion, a PE 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.