Traders Buy iShares iBoxx $ High Yid Corp Bond (HYG) on Weakness

Investors purchased shares of iShares iBoxx $ High Yid Corp Bond (NYSE:HYG) on weakness during trading on Wednesday. $69.98 million flowed into the stock on the tick-up and $44.44 million flowed out of the stock on the tick-down, for a money net flow of $25.54 million into the stock. Of all companies tracked, iShares iBoxx $ High Yid Corp Bond had the 28th highest net in-flow for the day. iShares iBoxx $ High Yid Corp Bond traded down ($0.09) for the day and closed at $88.42

The company has a 50 day moving average of $88.20 and a 200 day moving average of $88.05.

The firm also recently declared a monthly dividend, which will be paid on Friday, October 6th. Stockholders of record on Tuesday, October 3rd will be issued a dividend of $0.365 per share. This represents a $4.38 dividend on an annualized basis and a dividend yield of 4.95%. The ex-dividend date is Monday, October 2nd.

Several institutional investors and hedge funds have recently modified their holdings of the company. Eqis Capital Management Inc. increased its holdings in shares of iShares iBoxx $ High Yid Corp Bond by 6.0% during the third quarter. Eqis Capital Management Inc. now owns 396,037 shares of the exchange traded fund’s stock valued at $35,152,000 after purchasing an additional 22,282 shares during the period. Scottrade Investment Management increased its holdings in shares of iShares iBoxx $ High Yid Corp Bond by 10.1% during the third quarter. Scottrade Investment Management now owns 1,439,362 shares of the exchange traded fund’s stock valued at $127,758,000 after purchasing an additional 131,700 shares during the period. Intl Fcstone Inc. acquired a new position in shares of iShares iBoxx $ High Yid Corp Bond during the second quarter valued at $359,000. Navellier & Associates Inc increased its holdings in shares of iShares iBoxx $ High Yid Corp Bond by 13.1% during the second quarter. Navellier & Associates Inc now owns 5,597 shares of the exchange traded fund’s stock valued at $495,000 after purchasing an additional 649 shares during the period. Finally, WFG Advisors LP increased its holdings in shares of iShares iBoxx $ High Yid Corp Bond by 20.5% during the second quarter. WFG Advisors LP now owns 2,985 shares of the exchange traded fund’s stock valued at $264,000 after purchasing an additional 507 shares during the period.

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About iShares iBoxx $ High Yid Corp Bond

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.

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