Madison Investment Advisors LLC Takes $464,000 Position in iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG)

Madison Investment Advisors LLC purchased a new stake in iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 5,900 shares of the exchange traded fund’s stock, valued at approximately $464,000.

A number of other institutional investors also recently modified their holdings of HYG. WR Wealth Planners LLC increased its position in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 48.2% in the fourth quarter. WR Wealth Planners LLC now owns 406 shares of the exchange traded fund’s stock valued at $32,000 after acquiring an additional 132 shares during the last quarter. White Pine Capital LLC increased its position in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 4.2% in the fourth quarter. White Pine Capital LLC now owns 4,065 shares of the exchange traded fund’s stock valued at $320,000 after acquiring an additional 162 shares during the last quarter. Nvwm LLC increased its position in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 5.8% in the fourth quarter. Nvwm LLC now owns 5,400 shares of the exchange traded fund’s stock valued at $425,000 after acquiring an additional 295 shares during the last quarter. Financial Management Professionals Inc. increased its position in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 12.6% in the fourth quarter. Financial Management Professionals Inc. now owns 3,066 shares of the exchange traded fund’s stock valued at $241,000 after acquiring an additional 342 shares during the last quarter. Finally, Arkadios Wealth Advisors increased its position in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 2.2% in the fourth quarter. Arkadios Wealth Advisors now owns 16,008 shares of the exchange traded fund’s stock valued at $1,259,000 after acquiring an additional 348 shares during the last quarter.

iShares iBoxx $ High Yield Corporate Bond ETF Stock Performance

NYSEARCA:HYG opened at $79.22 on Friday. The stock’s 50-day simple moving average is $79.48 and its 200 day simple moving average is $79.43. The company has a market cap of $15.36 billion, a P/E ratio of 10.89 and a beta of 0.46. iShares iBoxx $ High Yield Corporate Bond ETF has a 52-week low of $75.59 and a 52-week high of $80.37.

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.