Transcendent Capital Group LLC Acquires New Position in iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG)

Transcendent Capital Group LLC acquired a new stake in iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 42,158 shares of the exchange traded fund’s stock, valued at approximately $3,263,000. iShares iBoxx $ High Yield Corporate Bond ETF comprises about 2.2% of Transcendent Capital Group LLC’s investment portfolio, making the stock its 16th biggest position.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. 1ST Source Bank raised its position in iShares iBoxx $ High Yield Corporate Bond ETF by 0.5% during the 4th quarter. 1ST Source Bank now owns 39,511 shares of the exchange traded fund’s stock worth $3,058,000 after buying an additional 192 shares during the last quarter. Wetzel Investment Advisors Inc. purchased a new position in iShares iBoxx $ High Yield Corporate Bond ETF during the 4th quarter worth approximately $26,000. Financial Network Wealth Management LLC raised its position in iShares iBoxx $ High Yield Corporate Bond ETF by 6.8% during the 4th quarter. Financial Network Wealth Management LLC now owns 6,863 shares of the exchange traded fund’s stock worth $531,000 after buying an additional 436 shares during the last quarter. SWS Partners raised its position in iShares iBoxx $ High Yield Corporate Bond ETF by 8.0% during the 4th quarter. SWS Partners now owns 5,933 shares of the exchange traded fund’s stock worth $459,000 after buying an additional 442 shares during the last quarter. Finally, Summit Financial LLC raised its position in iShares iBoxx $ High Yield Corporate Bond ETF by 3.6% during the 4th quarter. Summit Financial LLC now owns 12,780 shares of the exchange traded fund’s stock worth $989,000 after buying an additional 446 shares during the last quarter.

iShares iBoxx $ High Yield Corporate Bond ETF Price Performance

HYG traded down $0.30 during trading on Friday, reaching $77.06. 52,953,288 shares of the company’s stock were exchanged, compared to its average volume of 37,419,770. The stock has a market capitalization of $14.70 billion, a P/E ratio of 9.60 and a beta of 0.36. The company’s fifty day simple moving average is $76.81 and its 200-day simple moving average is $77.02. iShares iBoxx $ High Yield Corporate Bond ETF has a 1 year low of $71.68 and a 1 year high of $78.08.

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.