Allstate Corp Decreases Position in iShares iBoxx $ High Yield Corporate Bond ETF $HYG

Allstate Corp cut its stake in iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) by 81.0% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 584,732 shares of the exchange traded fund’s stock after selling 2,498,517 shares during the quarter. iShares iBoxx $ High Yield Corporate Bond ETF comprises approximately 0.6% of Allstate Corp’s portfolio, making the stock its 22nd biggest holding. Allstate Corp’s holdings in iShares iBoxx $ High Yield Corporate Bond ETF were worth $47,147,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Burns J W & Co. Inc. NY lifted its stake in iShares iBoxx $ High Yield Corporate Bond ETF by 27.0% in the 4th quarter. Burns J W & Co. Inc. NY now owns 31,042 shares of the exchange traded fund’s stock valued at $2,503,000 after buying an additional 6,605 shares in the last quarter. Cullen Frost Bankers Inc. lifted its stake in iShares iBoxx $ High Yield Corporate Bond ETF by 142.5% in the 4th quarter. Cullen Frost Bankers Inc. now owns 420,126 shares of the exchange traded fund’s stock valued at $33,875,000 after buying an additional 246,871 shares in the last quarter. Bessemer Group Inc. lifted its stake in iShares iBoxx $ High Yield Corporate Bond ETF by 467.7% in the 3rd quarter. Bessemer Group Inc. now owns 46,435 shares of the exchange traded fund’s stock valued at $3,770,000 after buying an additional 38,256 shares in the last quarter. Farmers & Merchants Investments Inc. raised its holdings in iShares iBoxx $ High Yield Corporate Bond ETF by 7.0% in the 4th quarter. Farmers & Merchants Investments Inc. now owns 162,343 shares of the exchange traded fund’s stock valued at $13,090,000 after acquiring an additional 10,585 shares during the last quarter. Finally, Amarillo National Bank raised its holdings in iShares iBoxx $ High Yield Corporate Bond ETF by 5.7% in the 4th quarter. Amarillo National Bank now owns 213,818 shares of the exchange traded fund’s stock valued at $17,240,000 after acquiring an additional 11,442 shares during the last quarter.

iShares iBoxx $ High Yield Corporate Bond ETF Stock Performance

HYG stock opened at $79.91 on Tuesday. The company has a market cap of $17.08 billion, a price-to-earnings ratio of 10.79 and a beta of 0.40. iShares iBoxx $ High Yield Corporate Bond ETF has a 12 month low of $78.57 and a 12 month high of $81.36. The firm has a 50-day moving average of $79.85 and a two-hundred day moving average of $80.37.

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. The Index may include large-, mid- or small-capitalization companies, and components primarily include consumer services, financial, industrials, and oil and gas companies.