Ninety One UK Ltd Sells 32,000 Shares of iShares 0-5 Year High Yield Corporate Bond ETF $SHYG

Ninety One UK Ltd cut its holdings in shares of iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG) by 5.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 577,751 shares of the company’s stock after selling 32,000 shares during the period. Ninety One UK Ltd owned approximately 0.31% of iShares 0-5 Year High Yield Corporate Bond ETF worth $24,768,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SHYG. Dunhill Financial LLC bought a new stake in shares of iShares 0-5 Year High Yield Corporate Bond ETF during the third quarter worth $26,000. WFA of San Diego LLC bought a new position in iShares 0-5 Year High Yield Corporate Bond ETF during the 2nd quarter worth about $47,000. Winnow Wealth LLC bought a new position in iShares 0-5 Year High Yield Corporate Bond ETF during the 3rd quarter worth about $127,000. Bessemer Group Inc. bought a new position in iShares 0-5 Year High Yield Corporate Bond ETF during the 3rd quarter worth about $131,000. Finally, Cahill Financial Advisors Inc. bought a new stake in shares of iShares 0-5 Year High Yield Corporate Bond ETF in the third quarter valued at about $203,000.

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

Shares of iShares 0-5 Year High Yield Corporate Bond ETF stock opened at $42.71 on Friday. The firm has a market cap of $7.55 billion, a price-to-earnings ratio of 10.74 and a beta of 0.29. The stock’s 50-day moving average is $42.47 and its 200-day moving average is $42.77. iShares 0-5 Year High Yield Corporate Bond ETF has a one year low of $41.55 and a one year high of $43.39.

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.