Investors Buy iShares iBoxx $ High Yield Corporate Bond ETF (HYG) on Weakness

Share on StockTwits

Traders purchased shares of iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) on weakness during trading on Monday. $190.42 million flowed into the stock on the tick-up and $79.59 million flowed out of the stock on the tick-down, for a money net flow of $110.83 million into the stock. Of all equities tracked, iShares iBoxx $ High Yield Corporate Bond ETF had the 3rd highest net in-flow for the day. iShares iBoxx $ High Yield Corporate Bond ETF traded down ($0.03) for the day and closed at $85.75

The firm also recently declared a monthly dividend, which was paid on Thursday, March 7th. Shareholders of record on Monday, March 4th were issued a dividend of $0.3818 per share. The ex-dividend date of this dividend was Friday, March 1st. This represents a $4.58 dividend on an annualized basis and a yield of 5.32%.

A number of large investors have recently bought and sold shares of the business. Country Trust Bank raised its holdings in iShares iBoxx $ High Yield Corporate Bond ETF by 47.7% during the fourth quarter. Country Trust Bank now owns 424 shares of the exchange traded fund’s stock valued at $34,000 after acquiring an additional 137 shares during the period. Eagle Asset Management Inc. raised its holdings in iShares iBoxx $ High Yield Corporate Bond ETF by 0.3% during the fourth quarter. Eagle Asset Management Inc. now owns 44,472 shares of the exchange traded fund’s stock valued at $3,606,000 after acquiring an additional 142 shares during the period. Massmutual Trust Co. FSB ADV raised its holdings in iShares iBoxx $ High Yield Corporate Bond ETF by 4.9% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 3,129 shares of the exchange traded fund’s stock valued at $254,000 after acquiring an additional 147 shares during the period. Patriot Financial Group Insurance Agency LLC raised its holdings in iShares iBoxx $ High Yield Corporate Bond ETF by 10.3% during the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 1,671 shares of the exchange traded fund’s stock valued at $136,000 after acquiring an additional 156 shares during the period. Finally, Certified Advisory Corp raised its holdings in iShares iBoxx $ High Yield Corporate Bond ETF by 2.8% during the fourth quarter. Certified Advisory Corp now owns 5,899 shares of the exchange traded fund’s stock valued at $478,000 after acquiring an additional 163 shares during the period.

TRADEMARK VIOLATION WARNING: “Investors Buy iShares iBoxx $ High Yield Corporate Bond ETF (HYG) on Weakness” was reported by Highlight Press and is owned by of Highlight Press. If you are reading this news story on another publication, it was copied illegally and republished in violation of international copyright law. The original version of this news story can be viewed at https://highlightpress.com/2019/03/21/investors-buy-ishares-iboxx-high-yield-corporate-bond-etf-hyg-on-weakness.html.

iShares iBoxx $ High Yield Corporate Bond ETF Company Profile (NYSEARCA:HYG)

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.

See Also: Why are gap-down stocks important?

Receive News & Ratings for iShares iBoxx $ High Yield Corporate Bond ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares iBoxx $ High Yield Corporate Bond ETF and related companies with MarketBeat.com's FREE daily email newsletter.