Investors Buy iShares iBoxx $ High Yield Corporate Bond ETF (HYG) on Weakness

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Traders purchased shares of iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) on weakness during trading on Friday. $259.01 million flowed into the stock on the tick-up and $183.59 million flowed out of the stock on the tick-down, for a money net flow of $75.42 million into the stock. Of all companies tracked, iShares iBoxx $ High Yield Corporate Bond ETF had the 13th highest net in-flow for the day. iShares iBoxx $ High Yield Corporate Bond ETF traded down ($0.31) for the day and closed at $85.84

The company also recently announced a monthly dividend, which was paid on Thursday, March 7th. Shareholders of record on Monday, March 4th were given a $0.3818 dividend. The ex-dividend date was Friday, March 1st. This represents a $4.58 annualized dividend and a yield of 5.34%.

A number of large investors have recently made changes to their positions in the business. Assetmark Inc. boosted its position in iShares iBoxx $ High Yield Corporate Bond ETF by 10.4% in the third quarter. Assetmark Inc. now owns 3,426,504 shares of the exchange traded fund’s stock worth $296,187,000 after purchasing an additional 323,971 shares during the last quarter. United Services Automobile Association raised its stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 4.7% in the fourth quarter. United Services Automobile Association now owns 2,239,826 shares of the exchange traded fund’s stock worth $181,650,000 after buying an additional 100,115 shares during the period. Flow Traders U.S. LLC bought a new position in shares of iShares iBoxx $ High Yield Corporate Bond ETF in the third quarter worth about $88,949,000. Pactiv General Employee Benefit Trust bought a new position in shares of iShares iBoxx $ High Yield Corporate Bond ETF in the fourth quarter worth about $96,985,000. Finally, Neuberger Berman Group LLC raised its stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 7.5% in the third quarter. Neuberger Berman Group LLC now owns 549,249 shares of the exchange traded fund’s stock worth $47,477,000 after buying an additional 38,215 shares during the period.

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iShares iBoxx $ High Yield Corporate Bond ETF Company Profile (NYSEARCA:HYG)

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.

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