Farmers & Merchants Investments Inc. Has $13.09 Million Stake in iShares iBoxx $ High Yield Corporate Bond ETF $HYG

Farmers & Merchants Investments Inc. increased its position in iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) by 7.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 162,343 shares of the exchange traded fund’s stock after buying an additional 10,585 shares during the period. Farmers & Merchants Investments Inc.’s holdings in iShares iBoxx $ High Yield Corporate Bond ETF were worth $13,090,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Burns J W & Co. Inc. NY increased its holdings in iShares iBoxx $ High Yield Corporate Bond ETF by 27.0% in the fourth quarter. Burns J W & Co. Inc. NY now owns 31,042 shares of the exchange traded fund’s stock worth $2,503,000 after buying an additional 6,605 shares during the last quarter. Bessemer Group Inc. lifted its position in iShares iBoxx $ High Yield Corporate Bond ETF by 467.7% in the third 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 during the period. iA Global Asset Management Inc. raised its stake in iShares iBoxx $ High Yield Corporate Bond ETF by 1.2% during the third quarter. iA Global Asset Management Inc. now owns 1,113,391 shares of the exchange traded fund’s stock worth $90,396,000 after acquiring an additional 13,501 shares in the last quarter. Cullen Frost Bankers Inc. raised its stake in iShares iBoxx $ High Yield Corporate Bond ETF by 24.6% during the third quarter. Cullen Frost Bankers Inc. now owns 173,255 shares of the exchange traded fund’s stock worth $14,067,000 after acquiring an additional 34,225 shares in the last quarter. Finally, Ramsey Quantitative Systems acquired a new stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF in the fourth quarter valued at $1,935,000.

iShares iBoxx $ High Yield Corporate Bond ETF Stock Up 0.4%

Shares of HYG stock opened at $80.14 on Friday. The stock has a 50-day moving average price of $79.94 and a 200 day moving average price of $80.46. The firm has a market cap of $17.13 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 $78.54 and a 12 month high of $81.36.

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.