81,838 Shares in iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG) Purchased by SVB Wealth LLC

SVB Wealth LLC purchased a new position in shares of iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 81,838 shares of the company’s stock, valued at approximately $3,487,000.

Other hedge funds have also recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB lifted its stake in iShares 0-5 Year High Yield Corporate Bond ETF by 3,469.2% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,392 shares of the company’s stock worth $59,000 after purchasing an additional 1,353 shares during the last quarter. Richardson Capital Management LLC lifted its stake in iShares 0-5 Year High Yield Corporate Bond ETF by 43.5% during the third quarter. Richardson Capital Management LLC now owns 1,540 shares of the company’s stock worth $67,000 after purchasing an additional 467 shares during the last quarter. First Horizon Advisors Inc. lifted its stake in iShares 0-5 Year High Yield Corporate Bond ETF by 27.0% during the third quarter. First Horizon Advisors Inc. now owns 2,155 shares of the company’s stock worth $94,000 after purchasing an additional 458 shares during the last quarter. Princeton Global Asset Management LLC bought a new stake in shares of iShares 0-5 Year High Yield Corporate Bond ETF in the 3rd quarter valued at about $105,000. Finally, SouthState Corp lifted its stake in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 114.9% in the 3rd quarter. SouthState Corp now owns 5,795 shares of the company’s stock valued at $252,000 after acquiring an additional 3,099 shares during the last quarter.

iShares 0-5 Year High Yield Corporate Bond ETF Trading Up 0.3 %

NYSEARCA SHYG opened at $43.28 on Friday. iShares 0-5 Year High Yield Corporate Bond ETF has a 1-year low of $41.60 and a 1-year high of $43.45. The stock has a 50-day moving average of $42.95 and a 200-day moving average of $43.00. The firm has a market cap of $6.61 billion, a PE ratio of 16.44 and a beta of 0.35.

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.