Washington Trust Advisors Inc. Has $4.46 Million Position in iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG)

Washington Trust Advisors Inc. raised its position in shares of iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) by 7.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 56,758 shares of the exchange traded fund’s stock after purchasing an additional 4,040 shares during the quarter. Washington Trust Advisors Inc.’s holdings in iShares iBoxx $ High Yield Corporate Bond ETF were worth $4,464,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in HYG. Janney Montgomery Scott LLC increased its position in iShares iBoxx $ High Yield Corporate Bond ETF by 6.3% during the 3rd quarter. Janney Montgomery Scott LLC now owns 42,115 shares of the exchange traded fund’s stock valued at $3,382,000 after purchasing an additional 2,511 shares during the period. United Advisor Group LLC acquired a new stake in iShares iBoxx $ High Yield Corporate Bond ETF during the 3rd quarter valued at approximately $307,000. Sonata Capital Group Inc. acquired a new stake in iShares iBoxx $ High Yield Corporate Bond ETF during the 3rd quarter valued at approximately $585,000. Migdal Insurance & Financial Holdings Ltd. increased its position in iShares iBoxx $ High Yield Corporate Bond ETF by 65.6% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 29,968 shares of the exchange traded fund’s stock valued at $2,408,000 after purchasing an additional 11,868 shares during the period. Finally, Nations Financial Group Inc. IA ADV increased its position in iShares iBoxx $ High Yield Corporate Bond ETF by 1.1% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 19,885 shares of the exchange traded fund’s stock valued at $1,597,000 after purchasing an additional 212 shares during the period.

iShares iBoxx $ High Yield Corporate Bond ETF Stock Performance

NYSEARCA:HYG opened at $79.62 on Thursday. The company has a market capitalization of $15.20 billion, a PE ratio of 16.45 and a beta of 0.46. The company has a 50 day simple moving average of $79.40 and a two-hundred day simple moving average of $79.44. iShares iBoxx $ High Yield Corporate Bond ETF has a fifty-two week low of $75.59 and a fifty-two 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.