iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) Stock Price Pass Below 200 Day Moving Average – Here’s Why

iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $78.84 and traded as low as $78.35. iShares iBoxx $ High Yield Corporate Bond ETF shares last traded at $78.62, with a volume of 11,926,144 shares trading hands.

iShares iBoxx $ High Yield Corporate Bond ETF Stock Performance

The company has a market cap of $15.00 billion, a P/E ratio of 9.60 and a beta of 0.36. The business has a fifty day simple moving average of $79.41 and a 200 day simple moving average of $78.84.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Loomis Sayles & Co. L P lifted its stake in iShares iBoxx $ High Yield Corporate Bond ETF by 2,933.8% in the third quarter. Loomis Sayles & Co. L P now owns 3,903,830 shares of the exchange traded fund’s stock valued at $313,478,000 after buying an additional 3,775,150 shares during the last quarter. BNP Paribas lifted its position in iShares iBoxx $ High Yield Corporate Bond ETF by 2,083.1% in the 3rd quarter. BNP Paribas now owns 2,820,701 shares of the exchange traded fund’s stock valued at $226,502,000 after purchasing an additional 2,691,493 shares during the last quarter. iA Global Asset Management Inc. boosted its stake in iShares iBoxx $ High Yield Corporate Bond ETF by 0.5% during the 2nd quarter. iA Global Asset Management Inc. now owns 1,464,126 shares of the exchange traded fund’s stock valued at $112,943,000 after purchasing an additional 7,093 shares during the period. Toronto Dominion Bank grew its position in iShares iBoxx $ High Yield Corporate Bond ETF by 528.9% in the 2nd quarter. Toronto Dominion Bank now owns 682,340 shares of the exchange traded fund’s stock worth $52,636,000 after purchasing an additional 573,840 shares during the last quarter. Finally, Stairway Partners LLC raised its holdings in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 19.0% during the third quarter. Stairway Partners LLC now owns 297,484 shares of the exchange traded fund’s stock valued at $23,888,000 after buying an additional 47,580 shares during the last quarter.

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.