iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) Stock Pass Below Two Hundred Day Moving Average – Should You Sell?

iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $78.84 and traded as low as $78.35. iShares iBoxx $ High Yield Corporate Bond ETF shares last traded at $78.62, with a volume of 11,926,144 shares.

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

The stock has a 50 day moving average of $79.37 and a 200-day moving average of $78.84. The stock has a market capitalization of $15.04 billion, a P/E ratio of 9.60 and a beta of 0.36.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Loomis Sayles & Co. L P increased its holdings in iShares iBoxx $ High Yield Corporate Bond ETF by 2,933.8% during the 3rd quarter. Loomis Sayles & Co. L P now owns 3,903,830 shares of the exchange traded fund’s stock worth $313,478,000 after purchasing an additional 3,775,150 shares during the period. BNP Paribas increased its stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 2,083.1% during the third quarter. BNP Paribas now owns 2,820,701 shares of the exchange traded fund’s stock valued at $226,502,000 after buying an additional 2,691,493 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 50.0% in the third quarter. JPMorgan Chase & Co. now owns 1,842,486 shares of the exchange traded fund’s stock valued at $147,952,000 after acquiring an additional 614,400 shares in the last quarter. Toronto Dominion Bank raised its holdings in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 528.9% in the second quarter. Toronto Dominion Bank now owns 682,340 shares of the exchange traded fund’s stock valued at $52,636,000 after acquiring an additional 573,840 shares in the last quarter. Finally, Money Design Co. Ltd. purchased a new stake in iShares iBoxx $ High Yield Corporate Bond ETF in the third quarter worth about $20,068,000.

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.