Investors Buy Shares of iShares iBoxx $ High Yid Corp Bond (HYG) on Weakness

Traders bought shares of iShares iBoxx $ High Yid Corp Bond (NYSEARCA:HYG) on weakness during trading on Friday. $203.51 million flowed into the stock on the tick-up and $99.47 million flowed out of the stock on the tick-down, for a money net flow of $104.04 million into the stock. Of all equities tracked, iShares iBoxx $ High Yid Corp Bond had the 7th highest net in-flow for the day. iShares iBoxx $ High Yid Corp Bond traded down ($0.03) for the day and closed at $87.38

The firm also recently declared a monthly dividend, which will be paid on Thursday, December 7th. Investors of record on Monday, December 4th will be issued a dividend of $0.3723 per share. The ex-dividend date is Friday, December 1st. This represents a $4.47 dividend on an annualized basis and a yield of 5.11%. This is a boost from iShares iBoxx $ High Yid Corp Bond’s previous monthly dividend of $0.37. iShares iBoxx $ High Yid Corp Bond’s dividend payout ratio (DPR) is presently 105.26%.

A number of institutional investors have recently bought and sold shares of HYG. Alken Asset Management Ltd. acquired a new stake in iShares iBoxx $ High Yid Corp Bond during the second quarter worth approximately $126,000. Kohmann Bosshard Financial Services LLC acquired a new stake in iShares iBoxx $ High Yid Corp Bond during the third quarter worth approximately $135,000. Wealthcare Advisory Partners LLC acquired a new stake in iShares iBoxx $ High Yid Corp Bond during the third quarter worth approximately $163,000. Forward Management LLC acquired a new stake in iShares iBoxx $ High Yid Corp Bond during the second quarter worth approximately $191,000. Finally, Tower Research Capital LLC TRC lifted its position in iShares iBoxx $ High Yid Corp Bond by 239.7% during the second quarter. Tower Research Capital LLC TRC now owns 2,167 shares of the exchange traded fund’s stock worth $192,000 after acquiring an additional 1,529 shares during the last quarter.

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About iShares iBoxx $ High Yid Corp Bond

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.

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