RMG Wealth Management LLC Makes New $1.22 Million Investment in iShares 0-5 Year High Yield Corporate Bond ETF $SHYG

RMG Wealth Management LLC acquired a new stake in iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 28,760 shares of the company’s stock, valued at approximately $1,220,000. iShares 0-5 Year High Yield Corporate Bond ETF accounts for about 0.1% of RMG Wealth Management LLC’s investment portfolio, making the stock its 19th largest holding.

A number of other institutional investors and hedge funds have also recently made changes to their positions in SHYG. Rossby Financial LCC increased its holdings in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 5.5% during the fourth quarter. Rossby Financial LCC now owns 6,247 shares of the company’s stock worth $268,000 after purchasing an additional 324 shares during the period. Parallel Advisors LLC raised its position in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 5.4% in the fourth quarter. Parallel Advisors LLC now owns 8,182 shares of the company’s stock valued at $351,000 after buying an additional 418 shares in the last quarter. WFA of San Diego LLC boosted its stake in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 43.3% in the fourth quarter. WFA of San Diego LLC now owns 1,549 shares of the company’s stock valued at $66,000 after buying an additional 468 shares during the period. Root Financial Partners LLC boosted its stake in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 3.7% in the first quarter. Root Financial Partners LLC now owns 14,458 shares of the company’s stock valued at $612,000 after buying an additional 513 shares during the period. Finally, Cornerstone Financial Management LLC acquired a new stake in iShares 0-5 Year High Yield Corporate Bond ETF during the fourth quarter worth approximately $27,000.

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

Shares of NYSEARCA:SHYG opened at $42.04 on Friday. The business’s 50 day simple moving average is $42.31 and its 200 day simple moving average is $42.52. 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. The company has a market capitalization of $7.60 billion, a P/E 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.