JPMorgan Chase & Co. Sells 1,171,842 Shares of iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG)

JPMorgan Chase & Co. cut its position in iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) by 63.6% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 670,644 shares of the exchange traded fund’s stock after selling 1,171,842 shares during the period. JPMorgan Chase & Co.’s holdings in iShares iBoxx $ High Yield Corporate Bond ETF were worth $52,746,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. WR Wealth Planners LLC lifted its stake in iShares iBoxx $ High Yield Corporate Bond ETF by 48.2% in the fourth quarter. WR Wealth Planners LLC now owns 406 shares of the exchange traded fund’s stock valued at $32,000 after acquiring an additional 132 shares during the last quarter. White Pine Capital LLC lifted its stake in iShares iBoxx $ High Yield Corporate Bond ETF by 4.2% in the 4th quarter. White Pine Capital LLC now owns 4,065 shares of the exchange traded fund’s stock valued at $320,000 after purchasing an additional 162 shares during the last quarter. Nvwm LLC lifted its stake in iShares iBoxx $ High Yield Corporate Bond ETF by 5.8% in the 4th quarter. Nvwm LLC now owns 5,400 shares of the exchange traded fund’s stock valued at $425,000 after purchasing an additional 295 shares during the last quarter. Financial Management Professionals Inc. grew its holdings in iShares iBoxx $ High Yield Corporate Bond ETF by 12.6% during the fourth quarter. Financial Management Professionals Inc. now owns 3,066 shares of the exchange traded fund’s stock worth $241,000 after purchasing an additional 342 shares during the period. Finally, Arkadios Wealth Advisors increased its position in iShares iBoxx $ High Yield Corporate Bond ETF by 2.2% during the fourth quarter. Arkadios Wealth Advisors now owns 16,008 shares of the exchange traded fund’s stock worth $1,259,000 after buying an additional 348 shares during the last quarter.

iShares iBoxx $ High Yield Corporate Bond ETF Stock Down 1.4 %

NYSEARCA:HYG opened at $76.76 on Friday. iShares iBoxx $ High Yield Corporate Bond ETF has a 12-month low of $75.59 and a 12-month high of $80.37. The stock’s 50 day moving average price is $79.34 and its two-hundred day moving average price is $79.38. The firm has a market capitalization of $14.88 billion, a price-to-earnings ratio of 10.89 and a beta of 0.46.

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.