Beacon Investment Advisory Services Inc. Sells 730 Shares of iShares iBoxx $ High Yid Corp Bond (NYSEARCA:HYG)

Beacon Investment Advisory Services Inc. lowered its position in iShares iBoxx $ High Yid Corp Bond (NYSEARCA:HYG) by 15.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 3,955 shares of the exchange traded fund’s stock after selling 730 shares during the quarter. Beacon Investment Advisory Services Inc.’s holdings in iShares iBoxx $ High Yid Corp Bond were worth $345,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. SeaCrest Wealth Management LLC bought a new stake in iShares iBoxx $ High Yid Corp Bond in the 4th quarter worth approximately $958,000. Global Trust Asset Management LLC bought a new stake in iShares iBoxx $ High Yid Corp Bond in the fourth quarter valued at approximately $156,000. Autus Asset Management LLC lifted its position in iShares iBoxx $ High Yid Corp Bond by 3.3% in the fourth quarter. Autus Asset Management LLC now owns 133,343 shares of the exchange traded fund’s stock valued at $11,635,000 after purchasing an additional 4,286 shares during the last quarter. Nationwide Fund Advisors bought a new stake in iShares iBoxx $ High Yid Corp Bond in the fourth quarter valued at approximately $38,176,000. Finally, CIBC World Markets Inc. lifted its position in iShares iBoxx $ High Yid Corp Bond by 28.6% in the fourth quarter. CIBC World Markets Inc. now owns 14,279 shares of the exchange traded fund’s stock valued at $1,246,000 after purchasing an additional 3,174 shares during the last quarter.

iShares iBoxx $ High Yid Corp Bond (HYG) traded down $0.26 on Tuesday, hitting $85.27. The stock had a trading volume of 3,359,897 shares, compared to its average volume of 17,746,316. iShares iBoxx $ High Yid Corp Bond has a 52-week low of $84.07 and a 52-week high of $89.04. The stock has a market capitalization of $15,470.00 and a PE ratio of 20.46.

The company also recently declared a monthly dividend, which was paid on Wednesday, February 7th. Investors of record on Friday, February 2nd were paid a $0.3663 dividend. This represents a $4.40 annualized dividend and a yield of 5.15%. This is a boost from iShares iBoxx $ High Yid Corp Bond’s previous monthly dividend of $0.36. The ex-dividend date was Thursday, February 1st. iShares iBoxx $ High Yid Corp Bond’s dividend payout ratio is presently 106.46%.

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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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