iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) Share Price Pass Below 200 Day Moving Average – Here’s What Happened

Shares of iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $80.21 and traded as low as $79.46. iShares iBoxx $ High Yield Corporate Bond ETF shares last traded at $79.52, with a volume of 32,098,359 shares.

iShares iBoxx $ High Yield Corporate Bond ETF Stock Performance

The firm has a market capitalization of $16.86 billion, a P/E ratio of 10.79 and a beta of 0.39. The business has a fifty day moving average of $79.84 and a 200-day moving average of $80.21.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Ameriprise Financial Inc. increased its stake in iShares iBoxx $ High Yield Corporate Bond ETF by 18.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,818,659 shares of the exchange traded fund’s stock valued at $147,320,000 after buying an additional 282,574 shares during the period. iA Global Asset Management Inc. boosted its holdings in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 3.9% in the first quarter. iA Global Asset Management Inc. now owns 1,350,820 shares of the exchange traded fund’s stock valued at $107,471,000 after acquiring an additional 50,695 shares in the last quarter. Jump Financial LLC increased its stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 335.3% during the fourth quarter. Jump Financial LLC now owns 720,900 shares of the exchange traded fund’s stock valued at $58,126,000 after acquiring an additional 1,027,275 shares during the period. Cullen Frost Bankers Inc. increased its stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 142.5% during the fourth quarter. Cullen Frost Bankers Inc. now owns 420,126 shares of the exchange traded fund’s stock valued at $33,875,000 after acquiring an additional 246,871 shares during the period. Finally, Stairway Partners LLC raised its holdings in iShares iBoxx $ High Yield Corporate Bond ETF by 9.0% during the second quarter. Stairway Partners LLC now owns 355,328 shares of the exchange traded fund’s stock worth $28,416,000 after purchasing an additional 29,299 shares in the last quarter.

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.