iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG) Reaches New 12-Month Low – What’s Next?

Shares of iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG) reached a new 52-week low during trading on Wednesday . The stock traded as low as $41.68 and last traded at $41.6950, with a volume of 466703 shares trading hands. The stock had previously closed at $41.84.

iShares 0-5 Year High Yield Corporate Bond ETF Stock Down 0.5%

The company has a market capitalization of $7.73 billion, a PE ratio of 10.74 and a beta of 0.28. The firm’s 50 day simple moving average is $42.08 and its 200 day simple moving average is $42.26.

Institutional Investors Weigh In On iShares 0-5 Year High Yield Corporate Bond ETF

Several large investors have recently added to or reduced their stakes in SHYG. Bank of New York Mellon Corp increased its position in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 31.0% during the first quarter. Bank of New York Mellon Corp now owns 1,149,340 shares of the company’s stock worth $48,629,000 after acquiring an additional 272,163 shares during the period. Financial Gravity Asset Management Inc. increased its holdings in iShares 0-5 Year High Yield Corporate Bond ETF by 7.4% during the 4th quarter. Financial Gravity Asset Management Inc. now owns 526,684 shares of the company’s stock worth $22,579,000 after purchasing an additional 36,272 shares during the period. Waterloo Capital L.P. raised its position in iShares 0-5 Year High Yield Corporate Bond ETF by 12.0% during the 4th quarter. Waterloo Capital L.P. now owns 263,331 shares of the company’s stock valued at $11,289,000 after purchasing an additional 28,219 shares in the last quarter. Alexis Investment Partners LLC lifted its stake in iShares 0-5 Year High Yield Corporate Bond ETF by 11.6% in the first quarter. Alexis Investment Partners LLC now owns 164,983 shares of the company’s stock worth $6,919,000 after acquiring an additional 17,173 shares during the period. Finally, Arkadios Wealth Advisors lifted its position in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 6.4% in the 1st quarter. Arkadios Wealth Advisors now owns 150,110 shares of the company’s stock worth $6,351,000 after purchasing an additional 9,058 shares during the period.

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.