Ameriprise Financial Inc. Has $309.61 Million Holdings in iShares iBoxx $ High Yid Corp Bond (HYG)

Ameriprise Financial Inc. grew its stake in iShares iBoxx $ High Yid Corp Bond (NYSEARCA:HYG) by 291.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,488,463 shares of the exchange traded fund’s stock after buying an additional 2,596,169 shares during the quarter. Ameriprise Financial Inc. owned approximately 1.58% of iShares iBoxx $ High Yid Corp Bond worth $309,605,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Adventist Health System Sunbelt Healthcare Corp purchased a new stake in shares of iShares iBoxx $ High Yid Corp Bond during the second quarter worth about $51,061,000. Scottrade Investment Management grew its position in shares of iShares iBoxx $ High Yid Corp Bond by 10.1% during the third quarter. Scottrade Investment Management now owns 1,439,362 shares of the exchange traded fund’s stock worth $127,758,000 after purchasing an additional 131,700 shares in the last quarter. Navellier & Associates Inc grew its position in shares of iShares iBoxx $ High Yid Corp Bond by 13.1% during the second quarter. Navellier & Associates Inc now owns 5,597 shares of the exchange traded fund’s stock worth $495,000 after purchasing an additional 649 shares in the last quarter. Sumitomo Mitsui Financial Group Inc. grew its position in shares of iShares iBoxx $ High Yid Corp Bond by 243.6% during the second quarter. Sumitomo Mitsui Financial Group Inc. now owns 395,119 shares of the exchange traded fund’s stock worth $34,825,000 after purchasing an additional 280,119 shares in the last quarter. Finally, IFC Holdings Incorporated FL grew its position in shares of iShares iBoxx $ High Yid Corp Bond by 15.0% during the third quarter. IFC Holdings Incorporated FL now owns 229,752 shares of the exchange traded fund’s stock worth $20,396,000 after purchasing an additional 30,044 shares in the last quarter.

Shares of iShares iBoxx $ High Yid Corp Bond (NYSEARCA HYG) opened at $87.81 on Thursday. iShares iBoxx $ High Yid Corp Bond has a 1 year low of $84.87 and a 1 year high of $89.04.

The firm also recently announced a monthly dividend, which was paid on Tuesday, November 7th. Investors of record on Thursday, November 2nd were given a dividend of $0.3656 per share. The ex-dividend date was Wednesday, November 1st. This represents a $4.39 annualized dividend and a dividend yield of 5.00%. This is a boost from iShares iBoxx $ High Yid Corp Bond’s previous monthly dividend of $0.37. iShares iBoxx $ High Yid Corp Bond’s dividend payout ratio (DPR) is currently 105.74%.

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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 (NYSEARCA:HYG)

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