Summit Global Investments Has $19.34 Million Stake in iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG)

Summit Global Investments boosted its holdings in shares of iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) by 6.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 245,883 shares of the exchange traded fund’s stock after buying an additional 14,982 shares during the period. iShares iBoxx $ High Yield Corporate Bond ETF makes up about 1.2% of Summit Global Investments’ portfolio, making the stock its 10th largest position. Summit Global Investments owned approximately 0.13% of iShares iBoxx $ High Yield Corporate Bond ETF worth $19,339,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in HYG. WR Wealth Planners LLC grew its holdings in iShares iBoxx $ High Yield Corporate Bond ETF by 48.2% during the fourth quarter. WR Wealth Planners LLC now owns 406 shares of the exchange traded fund’s stock worth $32,000 after buying an additional 132 shares in the last quarter. Lee Danner & Bass Inc. bought a new stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF in the 4th quarter worth $79,000. RPg Family Wealth Advisory LLC purchased a new stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF in the third quarter valued at about $108,000. YANKCOM Partnership bought a new position in shares of iShares iBoxx $ High Yield Corporate Bond ETF during the fourth quarter valued at about $109,000. Finally, Union Savings Bank purchased a new position in iShares iBoxx $ High Yield Corporate Bond ETF during the fourth quarter worth about $137,000.

iShares iBoxx $ High Yield Corporate Bond ETF Stock Performance

NYSEARCA:HYG opened at $79.22 on Friday. iShares iBoxx $ High Yield Corporate Bond ETF has a 52 week low of $75.59 and a 52 week high of $80.37. The firm has a 50-day moving average price of $79.48 and a two-hundred day moving average price of $79.43. The firm has a market cap of $15.36 billion, a price-to-earnings ratio of 10.89 and a beta of 0.46.

iShares iBoxx $ High Yield Corporate Bond ETF 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.