iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) Sets New 52-Week Low – What’s Next?

iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG)’s stock price hit a new 52-week low during trading on Tuesday . The stock traded as low as $75.42 and last traded at $75.75, with a volume of 102101378 shares changing hands. The stock had previously closed at $76.10.

iShares iBoxx $ High Yield Corporate Bond ETF Stock Performance

The stock has a market capitalization of $15.90 billion, a PE ratio of 10.46 and a beta of 0.41. The business’s 50-day moving average price is $79.27 and its 200 day moving average price is $79.35.

Institutional Trading of iShares iBoxx $ High Yield Corporate Bond ETF

Large investors have recently modified their holdings of the business. State of Tennessee Department of Treasury grew its position in iShares iBoxx $ High Yield Corporate Bond ETF by 67.7% in the fourth quarter. State of Tennessee Department of Treasury now owns 2,330,908 shares of the exchange traded fund’s stock worth $183,326,000 after acquiring an additional 940,923 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in iShares iBoxx $ High Yield Corporate Bond ETF by 50.0% during the third quarter. JPMorgan Chase & Co. now owns 1,842,486 shares of the exchange traded fund’s stock worth $147,952,000 after purchasing an additional 614,400 shares during the last quarter. Deseret Mutual Benefit Administrators purchased a new position in shares of iShares iBoxx $ High Yield Corporate Bond ETF in the 4th quarter worth about $17,820,000. Allstate Corp increased its position in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 61.7% during the 4th quarter. Allstate Corp now owns 564,114 shares of the exchange traded fund’s stock valued at $44,368,000 after purchasing an additional 215,168 shares during the last quarter. Finally, New Age Alpha Advisors LLC bought a new position in shares of iShares iBoxx $ High Yield Corporate Bond ETF during the 4th quarter valued at about $5,672,000.

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.