iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG) Stock Position Cut by City Holding Co.

City Holding Co. decreased its stake in shares of iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG) by 1.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 101,749 shares of the company’s stock after selling 1,358 shares during the period. City Holding Co. owned approximately 0.07% of iShares 0-5 Year High Yield Corporate Bond ETF worth $4,326,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Park Square Financial Group LLC acquired a new stake in shares of iShares 0-5 Year High Yield Corporate Bond ETF in the fourth quarter valued at $62,000. AdvisorNet Financial Inc raised its position in iShares 0-5 Year High Yield Corporate Bond ETF by 43.1% in the first quarter. AdvisorNet Financial Inc now owns 1,551 shares of the company’s stock worth $66,000 after acquiring an additional 467 shares in the last quarter. Mascagni Wealth Management Inc. bought a new stake in iShares 0-5 Year High Yield Corporate Bond ETF in the fourth quarter worth about $69,000. Ameriflex Group Inc. acquired a new stake in iShares 0-5 Year High Yield Corporate Bond ETF in the 4th quarter valued at about $70,000. Finally, Parallel Advisors LLC boosted its position in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 114.7% during the 1st quarter. Parallel Advisors LLC now owns 1,930 shares of the company’s stock valued at $82,000 after purchasing an additional 1,031 shares in the last quarter.

iShares 0-5 Year High Yield Corporate Bond ETF Price Performance

Shares of SHYG opened at $42.50 on Monday. The firm’s 50 day moving average is $42.12 and its 200-day moving average is $42.63. iShares 0-5 Year High Yield Corporate Bond ETF has a 12-month low of $40.38 and a 12-month high of $43.45. The stock has a market capitalization of $6.27 billion, a P/E ratio of 10.74 and a beta of 0.30.

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.