Pinnacle Wealth Planning Services Inc. Acquires 8,436 Shares of iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG)

Pinnacle Wealth Planning Services Inc. boosted its holdings in shares of iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) by 264.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,624 shares of the exchange traded fund’s stock after acquiring an additional 8,436 shares during the period. Pinnacle Wealth Planning Services Inc.’s holdings in iShares iBoxx $ High Yield Corporate Bond ETF were worth $914,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in HYG. Washington Trust Advisors Inc. lifted its holdings in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 7.7% in the fourth quarter. Washington Trust Advisors Inc. now owns 56,758 shares of the exchange traded fund’s stock valued at $4,464,000 after purchasing an additional 4,040 shares in the last quarter. Cullen Frost Bankers Inc. lifted its holdings in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 6.0% in the fourth quarter. Cullen Frost Bankers Inc. now owns 139,740 shares of the exchange traded fund’s stock valued at $10,991,000 after purchasing an additional 7,943 shares in the last quarter. J.Safra Asset Management Corp lifted its holdings in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 2.0% in the fourth quarter. J.Safra Asset Management Corp now owns 99,524 shares of the exchange traded fund’s stock valued at $7,829,000 after purchasing an additional 1,951 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF in the fourth quarter valued at about $4,244,000. Finally, Jones Financial Companies Lllp lifted its holdings in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 64.1% in the fourth quarter. Jones Financial Companies Lllp now owns 29,351 shares of the exchange traded fund’s stock valued at $2,308,000 after purchasing an additional 11,467 shares in the last quarter.

iShares iBoxx $ High Yield Corporate Bond ETF Price Performance

Shares of iShares iBoxx $ High Yield Corporate Bond ETF stock opened at $79.62 on Thursday. The firm has a market cap of $15.20 billion, a price-to-earnings ratio of 16.45 and a beta of 0.46. The stock’s 50-day moving average is $79.40 and its 200-day moving average is $79.44. iShares iBoxx $ High Yield Corporate Bond ETF has a one year low of $75.59 and a one year high of $80.37.

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.