Klaas Financial Asset Advisors LLC Boosts Stock Holdings in iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG)

Klaas Financial Asset Advisors LLC increased its position in iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG) by 5.5% in the first quarter, Holdings Channel.com reports. The fund owned 47,511 shares of the company’s stock after purchasing an additional 2,475 shares during the period. iShares 0-5 Year High Yield Corporate Bond ETF makes up about 0.3% of Klaas Financial Asset Advisors LLC’s investment portfolio, making the stock its 29th largest position. Klaas Financial Asset Advisors LLC’s holdings in iShares 0-5 Year High Yield Corporate Bond ETF were worth $2,020,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its holdings in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 186.6% in the 4th quarter. JPMorgan Chase & Co. now owns 125,750 shares of the company’s stock worth $5,358,000 after purchasing an additional 81,871 shares in the last quarter. SVB Wealth LLC purchased a new stake in shares of iShares 0-5 Year High Yield Corporate Bond ETF during the fourth quarter valued at $3,487,000. Jones Financial Companies Lllp boosted its position in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 129.9% during the fourth quarter. Jones Financial Companies Lllp now owns 70,877 shares of the company’s stock valued at $3,020,000 after buying an additional 40,053 shares during the last quarter. RiverFront Investment Group LLC increased its holdings in iShares 0-5 Year High Yield Corporate Bond ETF by 15.9% in the 4th quarter. RiverFront Investment Group LLC now owns 278,320 shares of the company’s stock worth $11,859,000 after buying an additional 38,221 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its stake in iShares 0-5 Year High Yield Corporate Bond ETF by 19.7% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 215,439 shares of the company’s stock valued at $9,160,000 after acquiring an additional 35,421 shares during the period.

iShares 0-5 Year High Yield Corporate Bond ETF Stock Up 0.2%

Shares of NYSEARCA SHYG opened at $43.03 on Friday. The firm’s 50-day moving average price is $42.46 and its 200-day moving average price is $42.59. iShares 0-5 Year High Yield Corporate Bond ETF has a 52-week low of $40.38 and a 52-week high of $43.45. The company has a market cap of $6.56 billion, a PE ratio of 10.74 and a beta of 0.34.

iShares 0-5 Year High Yield Corporate Bond ETF Profile

The iShares 0-5 Year High Yield Corporate Bond ETF (SHYG) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks a market-value-weighted index of high-yield USD-denominated bonds with 0-5 years remaining in maturity. SHYG was launched on Oct 15, 2013 and is managed by BlackRock.