Wedbush Securities Inc. Reduces Stock Position in iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG)

Wedbush Securities Inc. reduced its holdings in shares of iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) by 18.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,763 shares of the exchange traded fund’s stock after selling 1,941 shares during the quarter. Wedbush Securities Inc.’s holdings in iShares iBoxx $ High Yield Corporate Bond ETF were worth $689,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. boosted its stake in iShares iBoxx $ High Yield Corporate Bond ETF by 50.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,842,486 shares of the exchange traded fund’s stock valued at $147,952,000 after acquiring an additional 614,400 shares during the last quarter. Allstate Corp lifted its position in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 61.7% during the fourth quarter. Allstate Corp now owns 564,114 shares of the exchange traded fund’s stock worth $44,368,000 after purchasing an additional 215,168 shares during the last quarter. Stairway Partners LLC grew its stake in iShares iBoxx $ High Yield Corporate Bond ETF by 3.5% in the fourth quarter. Stairway Partners LLC now owns 307,948 shares of the exchange traded fund’s stock worth $24,220,000 after purchasing an additional 10,464 shares in the last quarter. Summit Global Investments increased its holdings in iShares iBoxx $ High Yield Corporate Bond ETF by 6.5% in the fourth quarter. Summit Global Investments now owns 245,883 shares of the exchange traded fund’s stock valued at $19,339,000 after buying an additional 14,982 shares during the last quarter. Finally, Deseret Mutual Benefit Administrators bought a new stake in iShares iBoxx $ High Yield Corporate Bond ETF in the fourth quarter valued at about $17,820,000.

iShares iBoxx $ High Yield Corporate Bond ETF Stock Down 0.9 %

NYSEARCA:HYG opened at $76.10 on Tuesday. The company has a market cap of $15.97 billion, a PE ratio of 10.46 and a beta of 0.41. The business’s 50 day moving average is $79.27 and its two-hundred day moving average is $79.35. iShares iBoxx $ High Yield Corporate Bond ETF has a 52 week low of $75.59 and a 52 week high of $80.37.

iShares iBoxx $ High Yield Corporate Bond ETF 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.