Toronto Dominion Bank Sells 72,300 Shares of iShares iBoxx $ High Yid Corp Bond (NYSEARCA:HYG)

Toronto Dominion Bank cut its holdings in iShares iBoxx $ High Yid Corp Bond (NYSEARCA:HYG) by 70.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 29,700 shares of the exchange traded fund’s stock after selling 72,300 shares during the period. Toronto Dominion Bank’s holdings in iShares iBoxx $ High Yid Corp Bond were worth $2,636,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in HYG. TIAA FSB purchased a new position in shares of iShares iBoxx $ High Yid Corp Bond in the 2nd quarter worth $266,012,000. Northwestern Mutual Investment Management Company LLC grew its stake in shares of iShares iBoxx $ High Yid Corp Bond by 8,161.3% in the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 2,588,837 shares of the exchange traded fund’s stock worth $219,274,000 after buying an additional 2,557,500 shares in the last quarter. Teachers Insurance & Annuity Association of America purchased a new position in shares of iShares iBoxx $ High Yid Corp Bond in the 2nd quarter worth $100,561,000. Bridgewater Associates LP grew its stake in shares of iShares iBoxx $ High Yid Corp Bond by 987.8% in the 2nd quarter. Bridgewater Associates LP now owns 987,784 shares of the exchange traded fund’s stock worth $87,310,000 after buying an additional 896,981 shares in the last quarter. Finally, BTS Asset Management Inc. boosted its stake in shares of iShares iBoxx $ High Yid Corp Bond by 24.6% during the 2nd quarter. BTS Asset Management Inc. now owns 4,205,596 shares of the exchange traded fund’s stock worth $371,721,000 after purchasing an additional 828,964 shares during the period.

Shares of iShares iBoxx $ High Yid Corp Bond (NYSEARCA:HYG) traded up $0.04 on Thursday, reaching $87.26. 8,955,923 shares of the company were exchanged, compared to its average volume of 10,903,251. iShares iBoxx $ High Yid Corp Bond has a one year low of $85.75 and a one year high of $89.04.

The firm 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 $0.3723 dividend. The ex-dividend date is Friday, December 1st. This represents a $4.47 annualized dividend and a dividend yield of 5.12%. This is a positive change from iShares iBoxx $ High Yid Corp Bond’s previous monthly dividend of $0.37. iShares iBoxx $ High Yid Corp Bond’s payout ratio is currently 105.26%.

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iShares iBoxx $ High Yid Corp Bond 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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