Farmers & Merchants Investments Inc. Raises Stock Holdings in iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG)

Farmers & Merchants Investments Inc. increased its position in iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) by 5.5% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 147,915 shares of the exchange traded fund’s stock after buying an additional 7,679 shares during the quarter. Farmers & Merchants Investments Inc.’s holdings in iShares iBoxx $ High Yield Corporate Bond ETF were worth $11,497,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of HYG. 1ST Source Bank lifted its position in iShares iBoxx $ High Yield Corporate Bond ETF by 0.5% in the fourth quarter. 1ST Source Bank now owns 39,511 shares of the exchange traded fund’s stock valued at $3,058,000 after purchasing an additional 192 shares during the last quarter. American National Bank lifted its position in iShares iBoxx $ High Yield Corporate Bond ETF by 57.7% in the first quarter. American National Bank now owns 836 shares of the exchange traded fund’s stock valued at $65,000 after purchasing an additional 306 shares during the last quarter. Wetzel Investment Advisors Inc. bought a new stake in iShares iBoxx $ High Yield Corporate Bond ETF in the fourth quarter valued at approximately $26,000. Financial Network Wealth Management LLC lifted its position in iShares iBoxx $ High Yield Corporate Bond ETF by 6.8% in the fourth quarter. Financial Network Wealth Management LLC now owns 6,863 shares of the exchange traded fund’s stock valued at $531,000 after purchasing an additional 436 shares during the last quarter. Finally, SWS Partners lifted its position in iShares iBoxx $ High Yield Corporate Bond ETF by 8.0% in the fourth quarter. SWS Partners now owns 5,933 shares of the exchange traded fund’s stock valued at $459,000 after purchasing an additional 442 shares during the last quarter.

iShares iBoxx $ High Yield Corporate Bond ETF Trading Up 0.1 %

HYG stock traded up $0.09 during midday trading on Tuesday, hitting $76.81. The company had a trading volume of 15,790,112 shares, compared to its average volume of 36,796,488. iShares iBoxx $ High Yield Corporate Bond ETF has a 52 week low of $71.68 and a 52 week high of $78.08. The stock’s 50 day moving average price is $77.02 and its 200 day moving average price is $77.12. The stock has a market cap of $14.66 billion, a price-to-earnings ratio of 9.60 and a beta of 0.36.

About iShares iBoxx $ High Yield Corporate Bond ETF

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.