Future Financial Wealth Managment LLC Has $2.85 Million Holdings in iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG)

Future Financial Wealth Managment LLC boosted its holdings in shares of iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG) by 6.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,924 shares of the company’s stock after acquiring an additional 3,824 shares during the period. iShares 0-5 Year High Yield Corporate Bond ETF comprises about 2.1% of Future Financial Wealth Managment LLC’s portfolio, making the stock its 10th largest position. Future Financial Wealth Managment LLC’s holdings in iShares 0-5 Year High Yield Corporate Bond ETF were worth $2,846,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SHYG. Park Square Financial Group LLC purchased a new stake in shares of iShares 0-5 Year High Yield Corporate Bond ETF in the 4th quarter worth approximately $62,000. AdvisorNet Financial Inc increased its holdings in iShares 0-5 Year High Yield Corporate Bond ETF by 43.1% during the first quarter. AdvisorNet Financial Inc now owns 1,551 shares of the company’s stock valued at $66,000 after buying an additional 467 shares during the period. Mascagni Wealth Management Inc. bought a new position in iShares 0-5 Year High Yield Corporate Bond ETF in the fourth quarter worth approximately $69,000. Ameriflex Group Inc. purchased a new stake in iShares 0-5 Year High Yield Corporate Bond ETF during the fourth quarter worth $70,000. Finally, Parallel Advisors LLC boosted its position in 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 acquiring an additional 1,031 shares in the last quarter.

iShares 0-5 Year High Yield Corporate Bond ETF Trading Down 0.0%

SHYG opened at $42.67 on Monday. The firm has a market cap of $6.30 billion, a price-to-earnings ratio of 10.74 and a beta of 0.30. 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 fifty day moving average price of $42.12 and a 200-day moving average price of $42.65.

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.