Loomis Sayles & Co. L P Sells 3,697,967 Shares of iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG)

Loomis Sayles & Co. L P cut its holdings in shares of iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) by 94.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 205,863 shares of the exchange traded fund’s stock after selling 3,697,967 shares during the period. Loomis Sayles & Co. L P’s holdings in iShares iBoxx $ High Yield Corporate Bond ETF were worth $16,191,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of HYG. WR Wealth Planners LLC increased its position in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 48.2% in the fourth quarter. WR Wealth Planners LLC now owns 406 shares of the exchange traded fund’s stock valued at $32,000 after acquiring an additional 132 shares during the last quarter. Lee Danner & Bass Inc. acquired a new position in shares of iShares iBoxx $ High Yield Corporate Bond ETF during the 4th quarter worth approximately $79,000. YANKCOM Partnership bought a new stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF during the 4th quarter worth approximately $109,000. Union Savings Bank acquired a new stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF in the 4th quarter valued at approximately $137,000. Finally, Providence First Trust Co bought a new position in shares of iShares iBoxx $ High Yield Corporate Bond ETF in the fourth quarter valued at $199,000.

iShares iBoxx $ High Yield Corporate Bond ETF Trading Down 0.2 %

NYSEARCA HYG opened at $78.80 on Friday. The firm has a market capitalization of $15.28 billion, a P/E ratio of 10.89 and a beta of 0.46. The firm’s fifty day moving average price is $79.49 and its two-hundred day moving average price is $79.43. iShares iBoxx $ High Yield Corporate Bond ETF has a 1 year low of $75.59 and a 1 year high of $80.37.

About iShares iBoxx $ High Yield Corporate Bond ETF

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.