iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) Hits New 52-Week Low – Here’s What Happened

iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG)’s share price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $78.56 and last traded at $78.5050, with a volume of 11957 shares changing hands. The stock had previously closed at $78.60.

iShares iBoxx $ High Yield Corporate Bond ETF Stock Performance

The business has a 50 day moving average price of $79.50 and a two-hundred day moving average price of $79.77. The company has a market cap of $16.42 billion, a P/E ratio of 10.79 and a beta of 0.39.

Institutional Trading of iShares iBoxx $ High Yield Corporate Bond ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Elyxium Wealth LLC purchased a new position in iShares iBoxx $ High Yield Corporate Bond ETF during the 4th quarter valued at $32,000. Triumph Capital Management purchased a new position in shares of iShares iBoxx $ High Yield Corporate Bond ETF during the 3rd quarter worth approximately $38,000. IFC & Insurance Marketing Inc. purchased a new position in shares of iShares iBoxx $ High Yield Corporate Bond ETF in the 4th quarter valued at approximately $81,000. Sound Income Strategies LLC boosted its position in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 14.8% during the first quarter. Sound Income Strategies LLC now owns 1,068 shares of the exchange traded fund’s stock valued at $85,000 after purchasing an additional 138 shares in the last quarter. Finally, Basepoint Wealth LLC purchased a new stake in iShares iBoxx $ High Yield Corporate Bond ETF in the fourth quarter worth $92,000.

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.