Janney Montgomery Scott LLC Grows Position in iShares iBoxx $ High Yield Corporate Bond ETF $HYG

Janney Montgomery Scott LLC raised its stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) by 11.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 74,202 shares of the exchange traded fund’s stock after acquiring an additional 7,710 shares during the period. Janney Montgomery Scott LLC’s holdings in iShares iBoxx $ High Yield Corporate Bond ETF were worth $5,904,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Elyxium Wealth LLC purchased a new stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF in the fourth quarter valued at about $32,000. Triumph Capital Management bought a new position in shares of iShares iBoxx $ High Yield Corporate Bond ETF during the third quarter valued at about $38,000. High Point Wealth Management LLC purchased a new position in iShares iBoxx $ High Yield Corporate Bond ETF during the fourth quarter worth about $38,000. IFC & Insurance Marketing Inc. purchased a new position in iShares iBoxx $ High Yield Corporate Bond ETF during the fourth quarter worth about $81,000. Finally, Basepoint Wealth LLC bought a new stake in iShares iBoxx $ High Yield Corporate Bond ETF in the 4th quarter worth about $92,000.

iShares iBoxx $ High Yield Corporate Bond ETF Stock Performance

Shares of HYG stock opened at $79.71 on Friday. The company has a market capitalization of $17.78 billion, a price-to-earnings ratio of 10.79 and a beta of 0.39. iShares iBoxx $ High Yield Corporate Bond ETF has a 52-week low of $78.57 and a 52-week high of $81.36. The company has a 50-day simple moving average of $79.92 and a two-hundred day simple moving average of $80.24.

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.