SVB Wealth LLC Lowers Position in iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG)

SVB Wealth LLC cut its stake in iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) by 23.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 31,215 shares of the exchange traded fund’s stock after selling 9,641 shares during the quarter. SVB Wealth LLC’s holdings in iShares iBoxx $ High Yield Corporate Bond ETF were worth $2,416,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Arkadios Wealth Advisors raised its stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 135.6% in the fourth quarter. Arkadios Wealth Advisors now owns 12,006 shares of the exchange traded fund’s stock worth $929,000 after purchasing an additional 6,909 shares during the last quarter. Kingswood Wealth Advisors LLC purchased a new stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF during the fourth quarter valued at approximately $609,000. Whittier Trust Co. increased its position in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 105.4% during the fourth quarter. Whittier Trust Co. now owns 14,878 shares of the exchange traded fund’s stock valued at $1,151,000 after acquiring an additional 7,636 shares during the last quarter. Financial Network Wealth Management LLC increased its position in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 6.8% during the fourth quarter. Financial Network Wealth Management LLC now owns 6,863 shares of the exchange traded fund’s stock valued at $531,000 after acquiring an additional 436 shares during the last quarter. Finally, Peoples Bank KS purchased a new stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF during the third quarter valued at approximately $85,000.

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

Shares of HYG opened at $75.77 on Thursday. The company has a market capitalization of $15.20 billion, a price-to-earnings ratio of 9.33 and a beta of 0.43. The stock has a 50 day moving average of $77.12 and a 200 day moving average of $76.00. iShares iBoxx $ High Yield Corporate Bond ETF has a 12 month low of $71.68 and a 12 month high of $78.08.

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.