Farmers & Merchants Investments Inc. Buys 1,921 Shares of iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG)

Farmers & Merchants Investments Inc. boosted its position in shares of iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) by 1.3% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 149,836 shares of the exchange traded fund’s stock after buying an additional 1,921 shares during the quarter. Farmers & Merchants Investments Inc.’s holdings in iShares iBoxx $ High Yield Corporate Bond ETF were worth $11,558,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of HYG. Anfield Capital Management LLC increased its stake in iShares iBoxx $ High Yield Corporate Bond ETF by 46.7% in the 2nd quarter. Anfield Capital Management LLC now owns 465 shares of the exchange traded fund’s stock worth $36,000 after buying an additional 148 shares during the period. 1ST Source Bank grew its stake in iShares iBoxx $ High Yield Corporate Bond ETF by 0.5% in the 4th quarter. 1ST Source Bank now owns 39,511 shares of the exchange traded fund’s stock worth $3,058,000 after acquiring an additional 192 shares in the last quarter. Redmont Wealth Advisors LLC increased its position in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 1.6% during the second quarter. Redmont Wealth Advisors LLC now owns 13,695 shares of the exchange traded fund’s stock worth $1,056,000 after acquiring an additional 219 shares during the period. Citizens & Northern Corp raised its stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 3.5% during the second quarter. Citizens & Northern Corp now owns 7,686 shares of the exchange traded fund’s stock valued at $593,000 after acquiring an additional 258 shares in the last quarter. Finally, American National Bank boosted its holdings in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 57.7% in the first quarter. American National Bank now owns 836 shares of the exchange traded fund’s stock valued at $65,000 after purchasing an additional 306 shares during the period.

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

NYSEARCA:HYG traded up $0.05 during midday trading on Friday, hitting $79.29. The stock had a trading volume of 3,112,125 shares, compared to its average volume of 36,397,813. The stock has a 50-day moving average of $78.23 and a 200 day moving average of $77.45. The company has a market capitalization of $15.13 billion, a price-to-earnings ratio of 9.60 and a beta of 0.36. iShares iBoxx $ High Yield Corporate Bond ETF has a one year low of $71.68 and a one year high of $79.43.

iShares iBoxx $ High Yield Corporate Bond ETF 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.