BTS Asset Management Inc. Sells 709 Shares of iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG)

BTS Asset Management Inc. reduced its stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) by 4.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,837 shares of the exchange traded fund’s stock after selling 709 shares during the quarter. iShares iBoxx $ High Yield Corporate Bond ETF accounts for 1.1% of BTS Asset Management Inc.’s holdings, making the stock its 6th largest position. BTS Asset Management Inc.’s holdings in iShares iBoxx $ High Yield Corporate Bond ETF were worth $1,088,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Loomis Sayles & Co. L P increased its holdings in shares of 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 valued at $313,478,000 after purchasing an additional 3,775,150 shares in the last quarter. BNP Paribas increased its holdings in iShares iBoxx $ High Yield Corporate Bond ETF by 2,083.1% in 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 in the last quarter. JPMorgan Chase & Co. raised its position 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 worth $147,952,000 after acquiring an additional 614,400 shares during the period. Toronto Dominion Bank raised its holdings in iShares iBoxx $ High Yield Corporate Bond ETF by 528.9% in the 2nd quarter. Toronto Dominion Bank now owns 682,340 shares of the exchange traded fund’s stock worth $52,636,000 after purchasing an additional 573,840 shares during the period. Finally, Stairway Partners LLC increased its position in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 3.5% in the fourth quarter. Stairway Partners LLC now owns 307,948 shares of the exchange traded fund’s stock valued at $24,220,000 after buying an additional 10,464 shares in the last quarter.

iShares iBoxx $ High Yield Corporate Bond ETF Price Performance

Shares of NYSEARCA:HYG opened at $79.46 on Friday. iShares iBoxx $ High Yield Corporate Bond ETF has a 1 year low of $75.59 and a 1 year high of $80.37. The firm has a market capitalization of $15.16 billion, a price-to-earnings ratio of 9.60 and a beta of 0.36. The business’s 50 day moving average price is $79.22 and its 200-day moving average price is $79.03.

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.