RiverFront Investment Group LLC lessened its stake in shares of iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG – Free Report) by 89.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 140,676 shares of the company’s stock after selling 1,160,220 shares during the quarter. RiverFront Investment Group LLC owned about 0.07% of iShares 0-5 Year High Yield Corporate Bond ETF worth $6,031,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently made changes to their positions in SHYG. Dunhill Financial LLC bought a new position in shares of iShares 0-5 Year High Yield Corporate Bond ETF during the 3rd quarter worth about $26,000. Millstone Evans Group LLC bought a new position in shares of iShares 0-5 Year High Yield Corporate Bond ETF during the 4th quarter worth about $34,000. WFA of San Diego LLC bought a new position in shares of 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 shares of iShares 0-5 Year High Yield Corporate Bond ETF during the 3rd quarter worth about $127,000. Finally, Bessemer Group Inc. bought a new position in shares of iShares 0-5 Year High Yield Corporate Bond ETF during the 3rd quarter worth about $131,000.
iShares 0-5 Year High Yield Corporate Bond ETF Price Performance
SHYG stock opened at $42.25 on Monday. The stock has a market capitalization of $7.51 billion, a PE ratio of 10.74 and a beta of 0.28. The company’s 50-day moving average is $42.37 and its 200-day moving average is $42.71. iShares 0-5 Year High Yield Corporate Bond ETF has a 1 year low of $41.83 and a 1 year high of $43.39.
About iShares 0-5 Year High Yield Corporate Bond ETF
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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