BTS Asset Management Inc. Lowers Holdings in iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG)

BTS Asset Management Inc. trimmed its position in shares of iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) by 8.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,403 shares of the exchange traded fund’s stock after selling 2,164 shares during the period. iShares iBoxx $ High Yield Corporate Bond ETF makes up approximately 1.7% of BTS Asset Management Inc.’s holdings, making the stock its 5th largest holding. BTS Asset Management Inc.’s holdings in iShares iBoxx $ High Yield Corporate Bond ETF were worth $1,805,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. NBC Securities Inc. boosted its holdings in iShares iBoxx $ High Yield Corporate Bond ETF by 34.4% during the fourth quarter. NBC Securities Inc. now owns 25,874 shares of the exchange traded fund’s stock valued at $2,002,000 after purchasing an additional 6,618 shares in the last quarter. One Capital Management LLC boosted its holdings in iShares iBoxx $ High Yield Corporate Bond ETF by 64.3% during the fourth quarter. One Capital Management LLC now owns 97,507 shares of the exchange traded fund’s stock valued at $7,546,000 after purchasing an additional 38,177 shares in the last quarter. 1ST Source Bank boosted its holdings in iShares iBoxx $ High Yield Corporate Bond ETF by 0.5% during the fourth quarter. 1ST Source Bank now owns 39,511 shares of the exchange traded fund’s stock valued at $3,058,000 after purchasing an additional 192 shares in the last quarter. Pinnacle Wealth Planning Services Inc. acquired a new stake in iShares iBoxx $ High Yield Corporate Bond ETF during the fourth quarter valued at approximately $247,000. Finally, Hikari Tsushin Inc. acquired a new stake in iShares iBoxx $ High Yield Corporate Bond ETF during the fourth quarter valued at approximately $9,800,000.

iShares iBoxx $ High Yield Corporate Bond ETF Trading Up 0.3 %

NYSEARCA HYG opened at $79.24 on Friday. The company has a market capitalization of $15.12 billion, a price-to-earnings ratio of 9.60 and a beta of 0.36. iShares iBoxx $ High Yield Corporate Bond ETF has a 1-year low of $71.68 and a 1-year high of $79.43. The stock’s 50 day moving average is $78.23 and its two-hundred day moving average is $77.45.

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.