Aviance Capital Management LLC Trims Holdings in iShares iBoxx $ High Yid Corp Bond (HYG)

Aviance Capital Management LLC lowered its position in iShares iBoxx $ High Yid Corp Bond (NYSEARCA:HYG) by 60.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 39,350 shares of the exchange traded fund’s stock after selling 60,515 shares during the quarter. Aviance Capital Management LLC’s holdings in iShares iBoxx $ High Yid Corp Bond were worth $3,434,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HYG. Janus Henderson Group PLC purchased a new stake in iShares iBoxx $ High Yid Corp Bond in the second quarter valued at approximately $916,000. WFG Advisors LP lifted its stake in iShares iBoxx $ High Yid Corp Bond by 20.5% in the second quarter. WFG Advisors LP now owns 2,985 shares of the exchange traded fund’s stock valued at $264,000 after buying an additional 507 shares during the last quarter. Navellier & Associates Inc lifted its stake in iShares iBoxx $ High Yid Corp Bond by 13.1% in the second quarter. Navellier & Associates Inc now owns 5,597 shares of the exchange traded fund’s stock valued at $495,000 after buying an additional 649 shares during the last quarter. Intl Fcstone Inc. purchased a new stake in iShares iBoxx $ High Yid Corp Bond in the second quarter valued at approximately $359,000. Finally, Eqis Capital Management Inc. lifted its stake in iShares iBoxx $ High Yid Corp Bond by 6.0% in the third quarter. Eqis Capital Management Inc. now owns 396,037 shares of the exchange traded fund’s stock valued at $35,152,000 after buying an additional 22,282 shares during the last quarter.

Shares of iShares iBoxx $ High Yid Corp Bond (HYG) opened at $85.41 on Thursday. iShares iBoxx $ High Yid Corp Bond has a 52 week low of $84.07 and a 52 week high of $89.04. The firm has a market capitalization of $15,470.00 and a P/E ratio of 20.43.

The business also recently declared a monthly dividend, which was paid on Wednesday, February 7th. Stockholders of record on Friday, February 2nd were paid a dividend of $0.3663 per share. This represents a $4.40 annualized dividend and a dividend yield of 5.15%. The ex-dividend date of this dividend was Thursday, February 1st. This is a boost from iShares iBoxx $ High Yid Corp Bond’s previous monthly dividend of $0.36. iShares iBoxx $ High Yid Corp Bond’s dividend payout ratio is 106.46%.

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iShares iBoxx $ High Yid Corp Bond 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.

Want to see what other hedge funds are holding HYG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares iBoxx $ High Yid Corp Bond (NYSEARCA:HYG).

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

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