Towercrest Capital Management Grows Holdings in iShares iBoxx $ High Yid Corp Bond (HYG)

Towercrest Capital Management grew its stake in shares of iShares iBoxx $ High Yid Corp Bond (NYSE:HYG) by 20.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 105,654 shares of the exchange traded fund’s stock after purchasing an additional 18,153 shares during the quarter. iShares iBoxx $ High Yid Corp Bond makes up about 7.3% of Towercrest Capital Management’s holdings, making the stock its 6th biggest position. Towercrest Capital Management’s holdings in iShares iBoxx $ High Yid Corp Bond were worth $9,339,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in HYG. Twele Capital Management Inc. raised its holdings in iShares iBoxx $ High Yid Corp Bond by 0.3% during the second quarter. Twele Capital Management Inc. now owns 181,447 shares of the exchange traded fund’s stock worth $16,038,000 after purchasing an additional 500 shares in the last quarter. Clear Harbor Asset Management LLC raised its holdings in iShares iBoxx $ High Yid Corp Bond by 2.9% during the second quarter. Clear Harbor Asset Management LLC now owns 7,640 shares of the exchange traded fund’s stock worth $674,000 after purchasing an additional 214 shares in the last quarter. Kwmg LLC raised its holdings in iShares iBoxx $ High Yid Corp Bond by 16.8% during the second quarter. Kwmg LLC now owns 58,807 shares of the exchange traded fund’s stock worth $5,198,000 after purchasing an additional 8,460 shares in the last quarter. AEGON USA Investment Management LLC raised its holdings in iShares iBoxx $ High Yid Corp Bond by 100.0% during the second quarter. AEGON USA Investment Management LLC now owns 175,444 shares of the exchange traded fund’s stock worth $15,507,000 after purchasing an additional 87,739 shares in the last quarter. Finally, Park Avenue Securities LLC acquired a new stake in iShares iBoxx $ High Yid Corp Bond during the second quarter worth approximately $7,440,000.

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iShares iBoxx $ High Yid Corp Bond (NYSE:HYG) traded up 0.01% during mid-day trading on Tuesday, reaching $88.42. 2,307,133 shares of the company’s stock were exchanged. The company’s 50 day moving average price is $88.29 and its 200-day moving average price is $88.11. iShares iBoxx $ High Yid Corp Bond has a 52 week low of $83.24 and a 52 week high of $89.04.

The company also recently declared a monthly dividend, which was paid on Friday, October 6th. Investors of record on Tuesday, October 3rd were given a dividend of $0.365 per share. This represents a $4.38 annualized dividend and a dividend yield of 4.95%. The ex-dividend date of this dividend was Monday, October 2nd.

iShares iBoxx $ High Yid Corp Bond 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.

Institutional Ownership by Quarter for iShares iBoxx $ High Yid Corp Bond (NYSE:HYG)

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