Deseret Mutual Benefit Administrators Makes New $17.82 Million Investment in iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG)

Deseret Mutual Benefit Administrators bought a new stake in iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 226,574 shares of the exchange traded fund’s stock, valued at approximately $17,820,000. iShares iBoxx $ High Yield Corporate Bond ETF accounts for 8.8% of Deseret Mutual Benefit Administrators’ investment portfolio, making the stock its 3rd biggest holding. Deseret Mutual Benefit Administrators owned approximately 0.12% of iShares iBoxx $ High Yield Corporate Bond ETF as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in HYG. RPg Family Wealth Advisory LLC bought a new stake in iShares iBoxx $ High Yield Corporate Bond ETF during the 3rd quarter valued at about $108,000. YANKCOM Partnership bought a new stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF during the fourth quarter valued at approximately $109,000. Rosenberg Matthew Hamilton raised its holdings in iShares iBoxx $ High Yield Corporate Bond ETF by 39.3% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 1,379 shares of the exchange traded fund’s stock worth $111,000 after acquiring an additional 389 shares during the last quarter. Union Savings Bank purchased a new position in iShares iBoxx $ High Yield Corporate Bond ETF in the 4th quarter worth approximately $137,000. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its position in iShares iBoxx $ High Yield Corporate Bond ETF by 82.7% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,879 shares of the exchange traded fund’s stock valued at $226,000 after acquiring an additional 1,303 shares in the last quarter.

iShares iBoxx $ High Yield Corporate Bond ETF Stock Performance

NYSEARCA HYG opened at $79.65 on Friday. iShares iBoxx $ High Yield Corporate Bond ETF has a one year low of $75.59 and a one year high of $80.37. The stock has a 50-day moving average of $79.21 and a 200 day moving average of $79.32. The company has a market capitalization of $15.20 billion, a price-to-earnings ratio of 9.60 and a beta of 0.36.

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.