Sowell Financial Services LLC Trims Holdings in iShares iBoxx $ High Yid Corp Bond (NYSEARCA:HYG)

Sowell Financial Services LLC cut its holdings in iShares iBoxx $ High Yid Corp Bond (NYSEARCA:HYG) by 71.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 26,003 shares of the exchange traded fund’s stock after selling 65,592 shares during the period. Sowell Financial Services LLC’s holdings in iShares iBoxx $ High Yid Corp Bond were worth $2,274,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in HYG. Ameriprise Financial Inc. raised its position in iShares iBoxx $ High Yid Corp Bond by 291.0% in the third quarter. Ameriprise Financial Inc. now owns 3,488,463 shares of the exchange traded fund’s stock worth $309,605,000 after acquiring an additional 2,596,169 shares during the period. Dai Ichi Life Insurance Company Ltd raised its position in shares of iShares iBoxx $ High Yid Corp Bond by 50.0% during the 3rd quarter. Dai Ichi Life Insurance Company Ltd now owns 3,030,000 shares of the exchange traded fund’s stock valued at $268,943,000 after purchasing an additional 1,010,000 shares during the period. JPMorgan Chase & Co. raised its position in shares of iShares iBoxx $ High Yid Corp Bond by 376.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,258,825 shares of the exchange traded fund’s stock valued at $111,569,000 after purchasing an additional 994,631 shares during the period. Neuberger Berman Group LLC raised its position in shares of iShares iBoxx $ High Yid Corp Bond by 83.8% during the 3rd quarter. Neuberger Berman Group LLC now owns 1,663,945 shares of the exchange traded fund’s stock valued at $147,691,000 after purchasing an additional 758,577 shares during the period. Finally, Assetmark Inc. raised its position in shares of iShares iBoxx $ High Yid Corp Bond by 18.4% during the 3rd quarter. Assetmark Inc. now owns 3,378,605 shares of the exchange traded fund’s stock valued at $299,885,000 after purchasing an additional 525,857 shares during the period.

Shares of iShares iBoxx $ High Yid Corp Bond (NYSEARCA:HYG) opened at $85.53 on Tuesday. The company has a market cap of $15,470.00 and a price-to-earnings ratio of 20.46. iShares iBoxx $ High Yid Corp Bond has a 52-week low of $84.07 and a 52-week high of $89.04.

The company also recently disclosed a monthly dividend, which was paid on Wednesday, February 7th. Stockholders of record on Friday, February 2nd were given a dividend of $0.3663 per share. This represents a $4.40 annualized dividend and a dividend yield of 5.14%. This is an increase from iShares iBoxx $ High Yid Corp Bond’s previous monthly dividend of $0.36. The ex-dividend date of this dividend was Thursday, February 1st. iShares iBoxx $ High Yid Corp Bond’s dividend payout ratio (DPR) 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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