4,891 Shares in iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG) Bought by Summit Financial LLC

Summit Financial LLC acquired a new stake in iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,891 shares of the company’s stock, valued at approximately $208,000.

Several other large investors also recently modified their holdings of SHYG. Ninety One UK Ltd increased its stake in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 17.7% in the fourth 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 during the last quarter. Bartlett & CO. Wealth Management LLC raised its stake in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 0.6% in the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 303,830 shares of the company’s stock valued at $12,946,000 after purchasing an additional 1,807 shares in the last quarter. RiverFront Investment Group LLC lifted its position in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 15.9% during the fourth quarter. RiverFront Investment Group LLC now owns 278,320 shares of the company’s stock worth $11,859,000 after purchasing an additional 38,221 shares during the last quarter. Graypoint LLC grew its stake in iShares 0-5 Year High Yield Corporate Bond ETF by 4.3% in the fourth quarter. Graypoint LLC now owns 131,461 shares of the company’s stock worth $5,602,000 after purchasing an additional 5,362 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in iShares 0-5 Year High Yield Corporate Bond ETF by 186.6% in the fourth quarter. JPMorgan Chase & Co. now owns 125,750 shares of the company’s stock valued at $5,358,000 after buying an additional 81,871 shares during the last quarter.

iShares 0-5 Year High Yield Corporate Bond ETF Stock Down 1.5 %

Shares of NYSEARCA SHYG opened at $41.23 on Friday. The stock’s 50 day moving average price is $42.84 and its two-hundred day moving average price is $42.94. iShares 0-5 Year High Yield Corporate Bond ETF has a 52-week low of $40.91 and a 52-week high of $43.45. The stock has a market capitalization of $6.26 billion, a P/E 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.