Ramsey Quantitative Systems Invests $1.20 Million in iShares iBoxx $ High Yield Corporate Bond ETF $HYG

Ramsey Quantitative Systems acquired a new stake in iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 15,000 shares of the exchange traded fund’s stock, valued at approximately $1,200,000. iShares iBoxx $ High Yield Corporate Bond ETF accounts for 1.1% of Ramsey Quantitative Systems’ portfolio, making the stock its 4th biggest holding.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Elyxium Wealth LLC bought a new position in iShares iBoxx $ High Yield Corporate Bond ETF during the fourth quarter worth $32,000. High Point Wealth Management LLC bought a new stake in iShares iBoxx $ High Yield Corporate Bond ETF in the 4th quarter valued at $38,000. Triumph Capital Management bought a new stake in iShares iBoxx $ High Yield Corporate Bond ETF in the 3rd quarter valued at $38,000. IFC & Insurance Marketing Inc. acquired a new stake in iShares iBoxx $ High Yield Corporate Bond ETF in the 4th quarter worth $81,000. Finally, Sound Income Strategies LLC grew its position in iShares iBoxx $ High Yield Corporate Bond ETF by 14.8% in the 1st quarter. Sound Income Strategies LLC now owns 1,068 shares of the exchange traded fund’s stock worth $85,000 after purchasing an additional 138 shares during the last quarter.

iShares iBoxx $ High Yield Corporate Bond ETF Stock Performance

NYSEARCA:HYG opened at $79.51 on Wednesday. The firm’s 50-day moving average is $79.67 and its 200-day moving average is $80.00. iShares iBoxx $ High Yield Corporate Bond ETF has a 52-week low of $78.57 and a 52-week high of $81.36. The company has a market cap of $16.63 billion, a price-to-earnings ratio of 10.79 and a beta of 0.39.

iShares iBoxx $ High Yield Corporate Bond ETF 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. The Index may include large-, mid- or small-capitalization companies, and components primarily include consumer services, financial, industrials, and oil and gas companies.