United Advisor Group LLC Acquires Shares of 3,829 iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG)

United Advisor Group LLC bought a new position in iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,829 shares of the exchange traded fund’s stock, valued at approximately $307,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Nvwm LLC grew its position in iShares iBoxx $ High Yield Corporate Bond ETF by 136.1% during the third quarter. Nvwm LLC now owns 5,105 shares of the exchange traded fund’s stock valued at $410,000 after buying an additional 2,943 shares during the period. Janney Montgomery Scott LLC lifted its position in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 6.3% in the third quarter. Janney Montgomery Scott LLC now owns 42,115 shares of the exchange traded fund’s stock worth $3,382,000 after buying an additional 2,511 shares in the last quarter. Rosenberg Matthew Hamilton lifted its position in iShares iBoxx $ High Yield Corporate Bond ETF by 39.3% during the third quarter. Rosenberg Matthew Hamilton now owns 1,379 shares of the exchange traded fund’s stock valued at $111,000 after purchasing an additional 389 shares during the last quarter. Farmers & Merchants Investments Inc. lifted its holdings in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 3.2% in the 3rd quarter. Farmers & Merchants Investments Inc. now owns 154,611 shares of the exchange traded fund’s stock valued at $12,415,000 after acquiring an additional 4,775 shares during the last quarter. Finally, Amarillo National Bank boosted its holdings in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 1.2% in the 3rd quarter. Amarillo National Bank now owns 190,961 shares of the exchange traded fund’s stock worth $15,334,000 after purchasing an additional 2,184 shares during the period.

iShares iBoxx $ High Yield Corporate Bond ETF Price Performance

iShares iBoxx $ High Yield Corporate Bond ETF stock opened at $79.33 on Thursday. The company’s 50-day moving average is $79.54 and its 200 day moving average is $78.23. iShares iBoxx $ High Yield Corporate Bond ETF has a 1-year low of $73.68 and a 1-year high of $80.37. The firm has a market capitalization of $15.14 billion, a P/E ratio of 9.60 and a beta of 0.36.

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.