iShares 0-5 Year High Yield Corporate Bond ETF $SHYG Stake Trimmed by Sound Income Strategies LLC

Sound Income Strategies LLC reduced its stake in shares of iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG) by 2.0% in the first quarter, Holdings Channel reports. The fund owned 1,015,055 shares of the company’s stock after selling 20,675 shares during the quarter. iShares 0-5 Year High Yield Corporate Bond ETF accounts for about 2.1% of Sound Income Strategies LLC’s portfolio, making the stock its 6th largest position. Sound Income Strategies LLC’s holdings in iShares 0-5 Year High Yield Corporate Bond ETF were worth $42,754,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Bank of New York Mellon Corp lifted its stake in iShares 0-5 Year High Yield Corporate Bond ETF by 1.3% in the fourth quarter. Bank of New York Mellon Corp now owns 877,177 shares of the company’s stock valued at $37,605,000 after purchasing an additional 11,676 shares during the last quarter. Financial Gravity Asset Management Inc. increased its position in iShares 0-5 Year High Yield Corporate Bond ETF by 7.4% in the fourth quarter. Financial Gravity Asset Management Inc. now owns 526,684 shares of the company’s stock worth $22,579,000 after buying an additional 36,272 shares during the last quarter. Loomis Sayles & Co. L P increased its position in iShares 0-5 Year High Yield Corporate Bond ETF by 22.1% in the fourth quarter. Loomis Sayles & Co. L P now owns 466,000 shares of the company’s stock worth $19,977,000 after buying an additional 84,500 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 8.7% in the third quarter. Ameriprise Financial Inc. now owns 432,109 shares of the company’s stock valued at $18,710,000 after buying an additional 34,416 shares during the period. Finally, Legacy Financial Group LLC raised its stake in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 62.7% in the fourth quarter. Legacy Financial Group LLC now owns 417,113 shares of the company’s stock valued at $17,836,000 after buying an additional 160,814 shares during the period.

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

Shares of NYSEARCA SHYG opened at $42.24 on Friday. The stock has a market capitalization of $7.58 billion, a PE ratio of 10.74 and a beta of 0.28. iShares 0-5 Year High Yield Corporate Bond ETF has a one year low of $41.83 and a one year high of $43.39. The business’s fifty day moving average price is $42.41 and its 200-day moving average price is $42.58.

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.