Money Design Co. Ltd. acquired a new position in shares of iShares iBoxx $ High Yid Corp Bond (NYSEARCA:HYG) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 51,218 shares of the exchange traded fund’s stock, valued at approximately $4,546,000. iShares iBoxx $ High Yid Corp Bond comprises approximately 3.9% of Money Design Co. Ltd.’s portfolio, making the stock its 10th largest holding.
A number of other hedge funds have also recently modified their holdings of the stock. Alken Asset Management Ltd. purchased a new stake in shares of iShares iBoxx $ High Yid Corp Bond during the second quarter worth $126,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of iShares iBoxx $ High Yid Corp Bond during the 3rd quarter valued at $135,000. Capital Advisors Ltd. LLC boosted its holdings in iShares iBoxx $ High Yid Corp Bond by 5.2% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 1,727 shares of the exchange traded fund’s stock worth $153,000 after buying an additional 85 shares during the period. Forward Management LLC bought a new position in iShares iBoxx $ High Yid Corp Bond in the 2nd quarter worth $191,000. Finally, Tower Research Capital LLC TRC boosted its holdings in iShares iBoxx $ High Yid Corp Bond by 239.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,167 shares of the exchange traded fund’s stock worth $192,000 after buying an additional 1,529 shares during the period.
Shares of iShares iBoxx $ High Yid Corp Bond (NYSEARCA:HYG) traded up $0.00 during trading on Thursday, hitting $87.22. 10,081,700 shares of the company traded hands, compared to its average volume of 10,911,538. iShares iBoxx $ High Yid Corp Bond has a 12-month low of $85.75 and a 12-month high of $89.04.
The firm also recently declared a monthly dividend, which will be paid on Thursday, December 7th. Investors of record on Monday, December 4th will be given a dividend of $0.3723 per share. The ex-dividend date is Friday, December 1st. This is a positive change from iShares iBoxx $ High Yid Corp Bond’s previous monthly dividend of $0.37. This represents a $4.47 dividend on an annualized basis and a yield of 5.12%. iShares iBoxx $ High Yid Corp Bond’s payout ratio is presently 105.26%.
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iShares iBoxx $ High Yid Corp Bond 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.
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