FTB Advisors Inc. Decreases Position in iShares iBoxx $ High Yield Corporate Bond ETF (HYG)

FTB Advisors Inc. lessened its holdings in iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) by 72.9% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 7,274 shares of the exchange traded fund’s stock after selling 19,591 shares during the period. FTB Advisors Inc.’s holdings in iShares iBoxx $ High Yield Corporate Bond ETF were worth $628,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Pactiv General Employee Benefit Trust bought a new stake in iShares iBoxx $ High Yield Corporate Bond ETF in the fourth quarter worth about $96,985,000. Meeder Asset Management Inc. lifted its stake in iShares iBoxx $ High Yield Corporate Bond ETF by 4,720.5% in the first quarter. Meeder Asset Management Inc. now owns 244,980 shares of the exchange traded fund’s stock worth $21,184,000 after purchasing an additional 239,898 shares during the last quarter. NorthCoast Asset Management LLC lifted its stake in iShares iBoxx $ High Yield Corporate Bond ETF by 468.3% in the third quarter. NorthCoast Asset Management LLC now owns 229,719 shares of the exchange traded fund’s stock worth $19,857,000 after purchasing an additional 189,297 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in iShares iBoxx $ High Yield Corporate Bond ETF by 95.7% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 330,306 shares of the exchange traded fund’s stock worth $26,788,000 after purchasing an additional 161,517 shares during the last quarter. Finally, California Public Employees Retirement System lifted its stake in iShares iBoxx $ High Yield Corporate Bond ETF by 63.5% in the fourth quarter. California Public Employees Retirement System now owns 365,327 shares of the exchange traded fund’s stock worth $29,628,000 after purchasing an additional 141,869 shares during the last quarter.

Shares of iShares iBoxx $ High Yield Corporate Bond ETF stock traded up $0.07 on Wednesday, hitting $86.20. 14,926,310 shares of the company traded hands, compared to its average volume of 20,933,799. iShares iBoxx $ High Yield Corporate Bond ETF has a 52 week low of $79.55 and a 52 week high of $87.04.

The business also recently declared a monthly dividend, which was paid on Tuesday, May 7th. Stockholders of record on Thursday, May 2nd were paid a dividend of $0.3664 per share. This represents a $4.40 annualized dividend and a dividend yield of 5.10%. The ex-dividend date of this dividend was Wednesday, May 1st.

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iShares iBoxx $ High Yield Corporate Bond ETF Company 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.

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Institutional Ownership by Quarter for iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG)

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