Investors Sell Shares of iShares iBoxx $ High Yield Corporate Bond ETF (HYG) on Strength (HYG)

Traders sold shares of iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) on strength during trading on Thursday. $315.94 million flowed into the stock on the tick-up and $703.81 million flowed out of the stock on the tick-down, for a money net flow of $387.87 million out of the stock. Of all companies tracked, iShares iBoxx $ High Yield Corporate Bond ETF had the 0th highest net out-flow for the day. iShares iBoxx $ High Yield Corporate Bond ETF traded up $0.07 for the day and closed at $84.70

The company also recently announced a monthly dividend, which was paid on Friday, October 5th. Investors of record on Tuesday, October 2nd were given a $0.3891 dividend. The ex-dividend date was Monday, October 1st. This is a boost from iShares iBoxx $ High Yield Corporate Bond ETF’s previous monthly dividend of $0.37. This represents a $4.67 dividend on an annualized basis and a dividend yield of 5.48%.

Institutional investors and hedge funds have recently bought and sold shares of the business. Shamrock Asset Management LLC raised its stake in iShares iBoxx $ High Yield Corporate Bond ETF by 93.0% during the 2nd quarter. Shamrock Asset Management LLC now owns 1,471 shares of the exchange traded fund’s stock valued at $125,000 after acquiring an additional 709 shares during the last quarter. Flagship Harbor Advisors LLC purchased a new stake in iShares iBoxx $ High Yield Corporate Bond ETF during the 2nd quarter valued at approximately $162,000. Opera Trading Capital purchased a new stake in iShares iBoxx $ High Yield Corporate Bond ETF during the 2nd quarter valued at approximately $188,000. J. L. Bainbridge & Co. Inc. purchased a new stake in iShares iBoxx $ High Yield Corporate Bond ETF during the 2nd quarter valued at approximately $210,000. Finally, Whittier Trust Co. of Nevada Inc. raised its stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 147.2% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 2,225 shares of the exchange traded fund’s stock worth $212,000 after buying an additional 1,325 shares in the last quarter.

iShares iBoxx $ High Yield Corporate Bond ETF Company Profile (NYSEARCA:HYG)

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.

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