iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) Reaches New 1-Year High at $80.27

iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) hit a new 52-week high on Wednesday . The company traded as high as $80.27 and last traded at $80.13, with a volume of 28712379 shares traded. The stock had previously closed at $79.85.

iShares iBoxx $ High Yield Corporate Bond ETF Price Performance

The stock has a market cap of $15.31 billion, a price-to-earnings ratio of 9.60 and a beta of 0.36. The business has a 50-day simple moving average of $78.69 and a two-hundred day simple moving average of $77.62.

Institutional Investors Weigh In On iShares iBoxx $ High Yield Corporate Bond ETF

A number of large investors have recently added to or reduced their stakes in HYG. Anfield Capital Management LLC boosted its position in iShares iBoxx $ High Yield Corporate Bond ETF by 46.7% during the second quarter. Anfield Capital Management LLC now owns 465 shares of the exchange traded fund’s stock worth $36,000 after purchasing an additional 148 shares during the period. Redmont Wealth Advisors LLC boosted its holdings in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 1.6% during the 2nd quarter. Redmont Wealth Advisors LLC now owns 13,695 shares of the exchange traded fund’s stock worth $1,056,000 after buying an additional 219 shares during the period. Citizens & Northern Corp grew its stake in iShares iBoxx $ High Yield Corporate Bond ETF by 3.5% in the 2nd quarter. Citizens & Northern Corp now owns 7,686 shares of the exchange traded fund’s stock valued at $593,000 after buying an additional 258 shares during the last quarter. American National Bank grew its stake in iShares iBoxx $ High Yield Corporate Bond ETF by 57.7% in the 1st quarter. American National Bank now owns 836 shares of the exchange traded fund’s stock valued at $65,000 after buying an additional 306 shares during the last quarter. Finally, Rosenberg Matthew Hamilton raised its holdings in iShares iBoxx $ High Yield Corporate Bond ETF by 50.9% in the 2nd quarter. Rosenberg Matthew Hamilton now owns 990 shares of the exchange traded fund’s stock valued at $76,000 after acquiring an additional 334 shares during the period.

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.