BB&T Securities LLC Decreases Position in iShares iBoxx $ High Yid Corp Bond (HYG)

BB&T Securities LLC lowered its stake in iShares iBoxx $ High Yid Corp Bond (NYSEARCA:HYG) by 75.1% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 31,815 shares of the exchange traded fund’s stock after selling 95,972 shares during the period. BB&T Securities LLC’s holdings in iShares iBoxx $ High Yid Corp Bond were worth $2,823,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Alken Asset Management Ltd. bought a new stake in iShares iBoxx $ High Yid Corp Bond in the 2nd quarter valued at about $126,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of iShares iBoxx $ High Yid Corp Bond during the 3rd quarter worth approximately $135,000. Forward Management LLC bought a new stake in shares of iShares iBoxx $ High Yid Corp Bond during the 2nd quarter worth approximately $191,000. Tower Research Capital LLC TRC lifted its holdings in shares of iShares iBoxx $ High Yid Corp Bond by 239.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,167 shares of the exchange traded fund’s stock worth $192,000 after acquiring an additional 1,529 shares during the period. Finally, Flagship Harbor Advisors LLC bought a new stake in shares of iShares iBoxx $ High Yid Corp Bond during the 3rd quarter worth approximately $201,000.

Shares of iShares iBoxx $ High Yid Corp Bond (NYSEARCA HYG) traded up $0.08 during trading on Tuesday, hitting $87.43. 14,801,700 shares of the stock were exchanged, compared to its average volume of 10,921,812. iShares iBoxx $ High Yid Corp Bond has a 12 month low of $85.38 and a 12 month high of $89.04.

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

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iShares iBoxx $ High Yid Corp Bond 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.

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

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