iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) Sets New 1-Year Low – Here’s Why

iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG)’s stock price reached a new 52-week low during mid-day trading on Wednesday. The stock traded as low as $78.36 and last traded at $78.3250, with a volume of 6324483 shares. The stock had previously closed at $78.67.

iShares iBoxx $ High Yield Corporate Bond ETF Stock Performance

The company has a market cap of $15.34 billion, a price-to-earnings ratio of 10.79 and a beta of 0.39. The company’s 50 day moving average price is $79.27 and its 200 day moving average price is $79.64.

Institutional Investors Weigh In On iShares iBoxx $ High Yield Corporate Bond ETF

Several institutional investors have recently modified their holdings of the business. iA Global Asset Management Inc. raised its position in iShares iBoxx $ High Yield Corporate Bond ETF by 3.9% in the 1st 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 buying an additional 50,695 shares during the last quarter. Stairway Partners LLC raised its position in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 9.0% in the second quarter. Stairway Partners LLC now owns 355,328 shares of the exchange traded fund’s stock valued at $28,416,000 after buying an additional 29,299 shares in the last quarter. Amarillo National Bank grew its holdings in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 1.0% during the 1st quarter. Amarillo National Bank now owns 215,898 shares of the exchange traded fund’s stock worth $17,177,000 after purchasing an additional 2,080 shares in the last quarter. Acasta Partners UK LLP grew its stake in iShares iBoxx $ High Yield Corporate Bond ETF by 95.4% during the second quarter. Acasta Partners UK LLP now owns 198,841 shares of the exchange traded fund’s stock worth $15,901,000 after buying an additional 97,104 shares in the last quarter. Finally, Parallel Advisors LLC boosted its position in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 0.7% during the 1st quarter. Parallel Advisors LLC now owns 157,497 shares of the exchange traded fund’s stock worth $12,531,000 after acquiring an additional 1,092 shares in the last quarter.

iShares iBoxx $ High Yield Corporate Bond ETF Company Profile

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.