LPL Financial LLC Lowers Stake in iShares iBoxx $ High Yid Corp Bond (HYG)

LPL Financial LLC trimmed its holdings in shares of iShares iBoxx $ High Yid Corp Bond (NYSEARCA:HYG) by 5.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,027,502 shares of the exchange traded fund’s stock after selling 56,361 shares during the period. LPL Financial LLC owned 0.59% of iShares iBoxx $ High Yid Corp Bond worth $89,660,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Global Trust Asset Management LLC acquired a new stake in iShares iBoxx $ High Yid Corp Bond during the 4th quarter valued at $156,000. Wealthcare Advisory Partners LLC acquired a new stake in iShares iBoxx $ High Yid Corp Bond during the 3rd quarter valued at $163,000. Merit Financial Group LLC acquired a new stake in iShares iBoxx $ High Yid Corp Bond during the 4th quarter valued at $200,000. Abbrea Capital LLC acquired a new stake in iShares iBoxx $ High Yid Corp Bond during the 4th quarter valued at $205,000. Finally, BKD Wealth Advisors LLC acquired a new stake in iShares iBoxx $ High Yid Corp Bond during the 4th quarter valued at $210,000.

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NYSEARCA HYG opened at $85.27 on Friday. 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 announced a monthly dividend, which was paid on Friday, April 6th. Stockholders of record on Tuesday, April 3rd were paid a $0.3494 dividend. This is a boost from iShares iBoxx $ High Yid Corp Bond’s previous monthly dividend of $0.34. This represents a $4.19 annualized dividend and a dividend yield of 4.92%. The ex-dividend date was Monday, April 2nd.

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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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