Summit Securities Group LLC Has $4.36 Million Position in iShares iBoxx $ High Yid Corp Bond (HYG)

Summit Securities Group LLC cut its position in shares of iShares iBoxx $ High Yid Corp Bond (NYSE:HYG) by 50.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 49,100 shares of the exchange traded fund’s stock after selling 49,300 shares during the quarter. iShares iBoxx $ High Yid Corp Bond makes up about 0.7% of Summit Securities Group LLC’s holdings, making the stock its 11th biggest position. Summit Securities Group LLC’s holdings in iShares iBoxx $ High Yid Corp Bond were worth $4,358,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in HYG. Alken Asset Management Ltd. purchased a new position in iShares iBoxx $ High Yid Corp Bond during the second quarter worth about $126,000. Kohmann Bosshard Financial Services LLC purchased a new position in iShares iBoxx $ High Yid Corp Bond during the third quarter worth about $135,000. Capital Advisors Ltd. LLC boosted its holdings in iShares iBoxx $ High Yid Corp Bond by 5.2% during the second quarter. Capital Advisors Ltd. LLC now owns 1,727 shares of the exchange traded fund’s stock worth $153,000 after purchasing an additional 85 shares during the last quarter. Forward Management LLC purchased a new position in iShares iBoxx $ High Yid Corp Bond during the second quarter worth about $191,000. Finally, Tower Research Capital LLC TRC boosted its holdings in iShares iBoxx $ High Yid Corp Bond by 239.7% during the second quarter. Tower Research Capital LLC TRC now owns 2,167 shares of the exchange traded fund’s stock worth $192,000 after purchasing an additional 1,529 shares during the last quarter.

The business also recently declared a monthly dividend, which will be paid on Tuesday, November 7th. Stockholders of record on Thursday, November 2nd will be issued a dividend of $0.3656 per share. This represents a $4.39 dividend on an annualized basis and a dividend yield of 4.96%. The ex-dividend date is Wednesday, November 1st. This is an increase from iShares iBoxx $ High Yid Corp Bond’s previous monthly dividend of $0.37.

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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.

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

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