Investors Sell iShares iBoxx $ High Yield Corporate Bond ETF (HYG) on Strength (HYG)

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Investors sold shares of iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) on strength during trading hours on Friday. $144.50 million flowed into the stock on the tick-up and $253.47 million flowed out of the stock on the tick-down, for a money net flow of $108.97 million out of the stock. Of all companies tracked, iShares iBoxx $ High Yield Corporate Bond ETF had the 0th highest net out-flow for the day. iShares iBoxx $ High Yield Corporate Bond ETF traded up $0.08 for the day and closed at $86.33

The business also recently announced a monthly dividend, which was paid on Monday, September 10th. Shareholders of record on Wednesday, September 5th were paid a dividend of $0.3714 per share. The ex-dividend date was Tuesday, September 4th. This represents a $4.46 annualized dividend and a yield of 5.16%. This is a boost from iShares iBoxx $ High Yield Corporate Bond ETF’s previous monthly dividend of $0.37.

Institutional investors and hedge funds have recently bought and sold shares of the business. Financial Gravity Wealth Inc. bought a new position in shares of iShares iBoxx $ High Yield Corporate Bond ETF in the 1st quarter worth approximately $1,898,000. Thrivent Financial for Lutherans lifted its stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 1,443.8% in the 1st quarter. Thrivent Financial for Lutherans now owns 212,741 shares of the exchange traded fund’s stock worth $18,219,000 after purchasing an additional 198,961 shares during the period. AdvisorNet Financial Inc lifted its stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 78.4% in the 1st quarter. AdvisorNet Financial Inc now owns 1,368 shares of the exchange traded fund’s stock worth $117,000 after purchasing an additional 601 shares during the period. Toronto Dominion Bank bought a new position in shares of iShares iBoxx $ High Yield Corporate Bond ETF in the 1st quarter worth approximately $6,698,000. Finally, Fisher Asset Management LLC lifted its stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 2.0% in the 1st quarter. Fisher Asset Management LLC now owns 3,046,254 shares of the exchange traded fund’s stock worth $260,881,000 after purchasing an additional 60,789 shares during the period.

About iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG)

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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