Farmers & Merchants Investments Inc. Raises Holdings in iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG)

Farmers & Merchants Investments Inc. increased its position in iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) by 1.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 149,836 shares of the exchange traded fund’s stock after buying an additional 1,921 shares during the period. Farmers & Merchants Investments Inc. owned 0.08% of iShares iBoxx $ High Yield Corporate Bond ETF worth $11,558,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Lazard Asset Management LLC bought a new stake in iShares iBoxx $ High Yield Corporate Bond ETF in the 1st quarter worth approximately $3,022,000. American National Bank increased its position in iShares iBoxx $ High Yield Corporate Bond ETF by 13,150.0% in the fourth quarter. American National Bank now owns 530 shares of the exchange traded fund’s stock worth $41,000 after purchasing an additional 526 shares during the last quarter. First Horizon Advisors Inc. raised its stake in iShares iBoxx $ High Yield Corporate Bond ETF by 8.5% during the second quarter. First Horizon Advisors Inc. now owns 7,377 shares of the exchange traded fund’s stock valued at $569,000 after purchasing an additional 577 shares in the last quarter. Rosenberg Matthew Hamilton lifted its position in iShares iBoxx $ High Yield Corporate Bond ETF by 50.9% during the second quarter. Rosenberg Matthew Hamilton now owns 990 shares of the exchange traded fund’s stock valued at $76,000 after purchasing an additional 334 shares during the last quarter. Finally, Kingswood Wealth Advisors LLC grew its stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 93.6% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 15,240 shares of the exchange traded fund’s stock worth $1,185,000 after buying an additional 7,370 shares in the last quarter.

iShares iBoxx $ High Yield Corporate Bond ETF Price Performance

Shares of iShares iBoxx $ High Yield Corporate Bond ETF stock traded up $0.05 during trading hours on Friday, reaching $79.29. The company’s stock had a trading volume of 3,112,125 shares, compared to its average volume of 36,397,813. iShares iBoxx $ High Yield Corporate Bond ETF has a one year low of $71.68 and a one year high of $79.43. The firm has a 50 day moving average price of $78.23 and a 200-day moving average price of $77.45. The stock has a market cap of $15.13 billion, a P/E ratio of 9.60 and a beta of 0.36.

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.