iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) Sets New 52-Week High at $80.34

iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG)’s stock price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $80.34 and last traded at $80.31, with a volume of 11205248 shares traded. The stock had previously closed at $80.16.

iShares iBoxx $ High Yield Corporate Bond ETF Stock Up 0.2 %

The firm has a market cap of $15.33 billion, a P/E ratio of 9.60 and a beta of 0.36. The business’s 50 day moving average is $78.89 and its 200-day moving average is $77.72.

Hedge Funds Weigh In On iShares iBoxx $ High Yield Corporate Bond ETF

A number of hedge funds have recently added to or reduced their stakes in the business. SWS Partners raised its stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 8.0% during 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 in the last quarter. CIBC Private Wealth Group LLC grew its stake in iShares iBoxx $ High Yield Corporate Bond ETF by 1.0% during the 4th quarter. CIBC Private Wealth Group LLC now owns 100,627 shares of the exchange traded fund’s stock valued at $7,788,000 after acquiring an additional 972 shares in the last quarter. Pinebridge Investments L.P. grew its stake in iShares iBoxx $ High Yield Corporate Bond ETF by 48.1% during the 4th quarter. Pinebridge Investments L.P. now owns 158,721 shares of the exchange traded fund’s stock valued at $12,283,000 after acquiring an additional 51,522 shares in the last quarter. Waterloo Capital L.P. bought a new stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF in the 4th quarter valued at approximately $300,000. Finally, VitalStone Financial LLC grew its stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 2,443.0% in the 4th quarter. VitalStone Financial LLC now owns 2,365 shares of the exchange traded fund’s stock valued at $183,000 after buying an additional 2,272 shares in the last quarter.

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.