iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) Shares Cross Below Two Hundred Day Moving Average – What’s Next?

Shares of iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $79.94 and traded as low as $79.64. iShares iBoxx $ High Yield Corporate Bond ETF shares last traded at $79.71, with a volume of 29,583,888 shares changing hands.

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

The stock has a market cap of $16.65 billion, a PE ratio of 10.79 and a beta of 0.39. The stock has a 50-day moving average of $79.66 and a 200 day moving average of $79.93.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of HYG. Thurston Springer Miller Herd & Titak Inc. boosted its position in iShares iBoxx $ High Yield Corporate Bond ETF by 4.3% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,118 shares of the exchange traded fund’s stock worth $249,000 after acquiring an additional 128 shares during the last quarter. Sound Income Strategies LLC lifted its stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 14.8% during the 1st quarter. Sound Income Strategies LLC now owns 1,068 shares of the exchange traded fund’s stock worth $85,000 after purchasing an additional 138 shares during the period. Manning & Napier Advisors LLC boosted its holdings in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 3.4% during the fourth quarter. Manning & Napier Advisors LLC now owns 6,246 shares of the exchange traded fund’s stock worth $504,000 after purchasing an additional 208 shares during the last quarter. Boston Research & Management Inc. grew its position in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 0.7% in the fourth quarter. Boston Research & Management Inc. now owns 31,992 shares of the exchange traded fund’s stock valued at $2,579,000 after purchasing an additional 216 shares during the period. Finally, Ameriflex Group Inc. increased its stake in iShares iBoxx $ High Yield Corporate Bond ETF by 17.9% in the fourth quarter. Ameriflex Group Inc. now owns 2,153 shares of the exchange traded fund’s stock valued at $174,000 after purchasing an additional 327 shares during the last quarter.

iShares iBoxx $ High Yield Corporate Bond ETF Company 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. The Index may include large-, mid- or small-capitalization companies, and components primarily include consumer services, financial, industrials, and oil and gas companies.