Allstate Corp Buys 35,344 Shares of iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG)

Allstate Corp raised its stake in iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG) by 56.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 97,744 shares of the company’s stock after acquiring an additional 35,344 shares during the period. Allstate Corp’s holdings in iShares 0-5 Year High Yield Corporate Bond ETF were worth $4,165,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Motley Fool Wealth Management LLC boosted its position in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 98.5% during the 3rd quarter. Motley Fool Wealth Management LLC now owns 686,613 shares of the company’s stock worth $29,813,000 after acquiring an additional 340,749 shares in the last quarter. Kiely Wealth Advisory Group Inc. bought a new stake in iShares 0-5 Year High Yield Corporate Bond ETF during the third quarter worth $6,858,000. JPMorgan Chase & Co. boosted its holdings in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 186.6% in the 4th quarter. JPMorgan Chase & Co. now owns 125,750 shares of the company’s stock valued at $5,358,000 after purchasing an additional 81,871 shares in the last quarter. SVB Wealth LLC bought a new position in shares of iShares 0-5 Year High Yield Corporate Bond ETF in the 4th quarter valued at $3,487,000. Finally, Ninety One UK Ltd raised its holdings in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 17.7% during the 4th quarter. Ninety One UK Ltd now owns 423,751 shares of the company’s stock worth $18,056,000 after buying an additional 63,779 shares in the last quarter.

iShares 0-5 Year High Yield Corporate Bond ETF Stock Down 0.2 %

NYSEARCA:SHYG opened at $42.52 on Friday. iShares 0-5 Year High Yield Corporate Bond ETF has a twelve month low of $41.60 and a twelve month high of $43.45. The stock’s 50-day simple moving average is $42.94 and its 200 day simple moving average is $42.97. The firm has a market capitalization of $6.45 billion, a PE ratio of 10.83 and a beta of 0.36.

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.