Farmers & Merchants Investments Inc. Grows Stake in iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG)

Farmers & Merchants Investments Inc. boosted its position in iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) by 3.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 154,611 shares of the exchange traded fund’s stock after buying an additional 4,775 shares during the period. Farmers & Merchants Investments Inc.’s holdings in iShares iBoxx $ High Yield Corporate Bond ETF were worth $12,415,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in the business. Viewpoint Capital Management LLC purchased a new stake in iShares iBoxx $ High Yield Corporate Bond ETF in the second quarter valued at $28,000. Anfield Capital Management LLC boosted its stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 46.7% in the second 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 last quarter. Pathway Financial Advisers LLC acquired a new position in iShares iBoxx $ High Yield Corporate Bond ETF in the first quarter valued at approximately $41,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF during the 2nd quarter worth approximately $70,000. Finally, Rosenberg Matthew Hamilton lifted its stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 50.9% in the 2nd quarter. Rosenberg Matthew Hamilton now owns 990 shares of the exchange traded fund’s stock valued at $76,000 after purchasing an additional 334 shares during the period.

iShares iBoxx $ High Yield Corporate Bond ETF Price Performance

HYG stock traded down $0.21 during midday trading on Tuesday, hitting $79.27. 5,121,514 shares of the stock traded hands, compared to its average volume of 36,294,973. The firm has a market cap of $15.12 billion, a P/E ratio of 9.60 and a beta of 0.36. iShares iBoxx $ High Yield Corporate Bond ETF has a 1-year low of $72.27 and a 1-year high of $80.37. The stock’s fifty day simple moving average is $79.53 and its 200-day simple moving average is $78.09.

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.