RiverFront Investment Group LLC reduced its stake in shares of iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG – Free Report) by 89.2% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 140,676 shares of the company’s stock after selling 1,160,220 shares during the period. RiverFront Investment Group LLC’s holdings in iShares 0-5 Year High Yield Corporate Bond ETF were worth $6,031,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Sound Income Strategies LLC lifted its holdings in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 3.5% in the fourth quarter. Sound Income Strategies LLC now owns 1,035,730 shares of the company’s stock valued at $44,588,000 after purchasing an additional 34,667 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 8.7% in the third quarter. Ameriprise Financial Inc. now owns 432,109 shares of the company’s stock valued at $18,710,000 after purchasing an additional 34,416 shares in the last quarter. Legacy Financial Group LLC lifted its holdings in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 62.7% in the fourth quarter. Legacy Financial Group LLC now owns 417,113 shares of the company’s stock valued at $17,836,000 after purchasing an additional 160,814 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 3.4% in the third quarter. JPMorgan Chase & Co. now owns 327,427 shares of the company’s stock valued at $14,178,000 after purchasing an additional 10,668 shares in the last quarter. Finally, Waterloo Capital L.P. lifted its holdings in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 7.2% in the third quarter. Waterloo Capital L.P. now owns 235,112 shares of the company’s stock valued at $10,180,000 after purchasing an additional 15,832 shares in the last quarter.
iShares 0-5 Year High Yield Corporate Bond ETF Price Performance
SHYG stock opened at $42.25 on Monday. iShares 0-5 Year High Yield Corporate Bond ETF has a twelve month low of $41.83 and a twelve month high of $43.39. The stock’s 50 day moving average is $42.37 and its 200-day moving average is $42.71. The firm has a market capitalization of $7.51 billion, a PE ratio of 10.74 and a beta of 0.28.
iShares 0-5 Year High Yield Corporate Bond ETF Company 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.
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