Traders purchased shares of iShares iBoxx $ High Yid Corp Bond (NYSEARCA:HYG) on weakness during trading on Tuesday. $182.49 million flowed into the stock on the tick-up and $150.95 million flowed out of the stock on the tick-down, for a money net flow of $31.54 million into the stock. Of all equities tracked, iShares iBoxx $ High Yid Corp Bond had the 19th highest net in-flow for the day. iShares iBoxx $ High Yid Corp Bond traded down ($0.27) for the day and closed at $87.63

The company has a market capitalization of $18,220.00 and a P/E ratio of 20.96.

The company also recently announced a monthly dividend, which was paid on Thursday, December 28th. Investors of record on Friday, December 22nd were paid a $0.3608 dividend. The ex-dividend date of this dividend was Thursday, December 21st. This represents a $4.33 dividend on an annualized basis and a yield of 4.94%. iShares iBoxx $ High Yid Corp Bond’s dividend payout ratio is presently 106.94%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. boosted its position in iShares iBoxx $ High Yid Corp Bond by 5.8% during the third quarter. Envestnet Asset Management Inc. now owns 6,010,808 shares of the exchange traded fund’s stock valued at $533,524,000 after buying an additional 327,514 shares during the period. BTS Asset Management Inc. boosted its position in iShares iBoxx $ High Yid Corp Bond by 11.7% during the third quarter. BTS Asset Management Inc. now owns 4,696,279 shares of the exchange traded fund’s stock valued at $414,931,000 after buying an additional 490,683 shares during the period. Ameriprise Financial Inc. boosted its position in iShares iBoxx $ High Yid Corp Bond by 291.0% during the third quarter. Ameriprise Financial Inc. now owns 3,488,463 shares of the exchange traded fund’s stock valued at $309,605,000 after buying an additional 2,596,169 shares during the period. Assetmark Inc. boosted its position in iShares iBoxx $ High Yid Corp Bond by 18.4% during the third quarter. Assetmark Inc. now owns 3,378,605 shares of the exchange traded fund’s stock valued at $299,885,000 after buying an additional 525,857 shares during the period. Finally, TIAA FSB boosted its position in iShares iBoxx $ High Yid Corp Bond by 5.2% during the third quarter. TIAA FSB now owns 3,165,724 shares of the exchange traded fund’s stock valued at $280,990,000 after buying an additional 156,189 shares during the period.

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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.

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