RiverFront Investment Group LLC Raises Stake in iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG)

RiverFront Investment Group LLC increased its stake in iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG) by 15.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 278,320 shares of the company’s stock after acquiring an additional 38,221 shares during the quarter. RiverFront Investment Group LLC’s holdings in iShares 0-5 Year High Yield Corporate Bond ETF were worth $11,859,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB lifted its position in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 3,469.2% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,392 shares of the company’s stock valued at $59,000 after acquiring an additional 1,353 shares during the period. Richardson Capital Management LLC raised its holdings in iShares 0-5 Year High Yield Corporate Bond ETF by 27.9% during the fourth quarter. Richardson Capital Management LLC now owns 1,969 shares of the company’s stock worth $84,000 after purchasing an additional 429 shares during the last quarter. First Horizon Advisors Inc. boosted its position in iShares 0-5 Year High Yield Corporate Bond ETF by 100.4% during the fourth quarter. First Horizon Advisors Inc. now owns 4,318 shares of the company’s stock worth $184,000 after purchasing an additional 2,163 shares in the last quarter. Wintrust Investments LLC grew its holdings in iShares 0-5 Year High Yield Corporate Bond ETF by 287.7% in the fourth quarter. Wintrust Investments LLC now owns 4,486 shares of the company’s stock valued at $191,000 after purchasing an additional 3,329 shares during the last quarter. Finally, Princeton Global Asset Management LLC increased its position in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 101.3% in the fourth quarter. Princeton Global Asset Management LLC now owns 4,878 shares of the company’s stock valued at $208,000 after buying an additional 2,455 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 52-week low of $41.60 and a 52-week high of $43.45. The stock has a fifty day simple moving average of $42.94 and a 200-day simple moving average of $42.97. The company 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 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.