Commerce Bank Buys 1,394 Shares of iShares iBoxx $ High Yid Corp Bond (HYG)

Commerce Bank boosted its position in shares of iShares iBoxx $ High Yid Corp Bond (NYSEARCA:HYG) by 5.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 26,234 shares of the exchange traded fund’s stock after purchasing an additional 1,394 shares during the quarter. Commerce Bank’s holdings in iShares iBoxx $ High Yid Corp Bond were worth $2,329,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HYG. Alken Asset Management Ltd. purchased a new stake in shares of iShares iBoxx $ High Yid Corp Bond in the second quarter valued at $126,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of iShares iBoxx $ High Yid Corp Bond in the third quarter valued at $135,000. Capital Advisors Ltd. LLC lifted its position in shares of iShares iBoxx $ High Yid Corp Bond by 5.2% in the second quarter. Capital Advisors Ltd. LLC now owns 1,727 shares of the exchange traded fund’s stock valued at $153,000 after acquiring an additional 85 shares in the last quarter. Forward Management LLC purchased a new stake in shares of iShares iBoxx $ High Yid Corp Bond in the second quarter valued at $191,000. Finally, Tower Research Capital LLC TRC lifted its position in shares of iShares iBoxx $ High Yid Corp Bond by 239.7% in the second quarter. Tower Research Capital LLC TRC now owns 2,167 shares of the exchange traded fund’s stock valued at $192,000 after acquiring an additional 1,529 shares in the last quarter.

iShares iBoxx $ High Yid Corp Bond (NYSEARCA:HYG) traded down $0.03 during midday trading on Monday, reaching $87.35. The company had a trading volume of 14,801,745 shares, compared to its average volume of 10,921,812. iShares iBoxx $ High Yid Corp Bond has a 1 year low of $85.38 and a 1 year high of $89.04.

The firm also recently announced a monthly dividend, which will be paid on Thursday, December 7th. Investors of record on Monday, December 4th will be given a dividend of $0.3723 per share. The ex-dividend date is Friday, December 1st. This is an increase from iShares iBoxx $ High Yid Corp Bond’s previous monthly dividend of $0.37. This represents a $4.47 annualized dividend and a yield of 5.11%. iShares iBoxx $ High Yid Corp Bond’s dividend payout ratio is 105.26%.

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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.

Institutional Ownership by Quarter for iShares iBoxx $ High Yid Corp Bond (NYSEARCA:HYG)

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