BNP Paribas Has $373.19 Million Stock Position in iShares iBoxx $ High Yield Corporate Bond ETF $HYG

BNP Paribas cut its position in iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) by 1.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 4,628,450 shares of the exchange traded fund’s stock after selling 91,686 shares during the period. iShares iBoxx $ High Yield Corporate Bond ETF comprises about 10.7% of BNP Paribas’ portfolio, making the stock its biggest holding. BNP Paribas’ holdings in iShares iBoxx $ High Yield Corporate Bond ETF were worth $373,192,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of HYG. Ameriprise Financial Inc. raised its stake in iShares iBoxx $ High Yield Corporate Bond ETF by 18.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,818,659 shares of the exchange traded fund’s stock worth $147,320,000 after purchasing an additional 282,574 shares in the last quarter. Cullen Frost Bankers Inc. raised 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 worth $33,875,000 after purchasing an additional 246,871 shares in the last quarter. iA Global Asset Management Inc. raised its stake in iShares iBoxx $ High Yield Corporate Bond ETF by 16.8% in the 4th quarter. iA Global Asset Management Inc. now owns 1,300,125 shares of the exchange traded fund’s stock worth $104,829,000 after purchasing an additional 186,734 shares in the last quarter. Strive Asset Management LLC acquired a new stake in iShares iBoxx $ High Yield Corporate Bond ETF in the 3rd quarter worth about $5,039,000. Finally, Bessemer Group Inc. raised 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 worth $3,770,000 after purchasing an additional 38,256 shares in the last quarter.

iShares iBoxx $ High Yield Corporate Bond ETF Stock Down 0.6%

Shares of iShares iBoxx $ High Yield Corporate Bond ETF stock opened at $79.84 on Tuesday. iShares iBoxx $ High Yield Corporate Bond ETF has a twelve month low of $78.57 and a twelve month high of $81.36. The company has a 50-day simple moving average of $79.91 and a two-hundred day simple moving average of $80.36. The stock has a market capitalization of $17.07 billion, a price-to-earnings ratio of 10.79 and a beta of 0.40.

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