Rossby Financial LCC Makes New $445,000 Investment in iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG)

Rossby Financial LCC purchased a new position in shares of iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG) during the fourth quarter, HoldingsChannel reports. The institutional investor purchased 10,449 shares of the company’s stock, valued at approximately $445,000.

Other hedge funds have also made changes to their positions in the company. RiverFront Investment Group LLC grew its stake in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 15.9% during the 4th quarter. RiverFront Investment Group LLC now owns 278,320 shares of the company’s stock valued at $11,859,000 after buying an additional 38,221 shares during the period. First Horizon Advisors Inc. increased its stake 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 acquiring an additional 2,163 shares during the last quarter. Conquis Financial LLC purchased a new position in shares of iShares 0-5 Year High Yield Corporate Bond ETF in the 4th quarter worth about $200,000. One Capital Management LLC lifted its stake in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 0.8% in the 4th quarter. One Capital Management LLC now owns 85,561 shares of the company’s stock valued at $3,646,000 after purchasing an additional 645 shares in the last quarter. Finally, SouthState Corp grew its stake in iShares 0-5 Year High Yield Corporate Bond ETF by 15.7% during the fourth quarter. SouthState Corp now owns 6,705 shares of the company’s stock worth $286,000 after buying an additional 910 shares during the period.

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

Shares of NYSEARCA SHYG opened at $41.54 on Tuesday. The company has a market capitalization of $6.31 billion, a price-to-earnings ratio of 10.83 and a beta of 0.36. iShares 0-5 Year High Yield Corporate Bond ETF has a 1-year low of $40.38 and a 1-year high of $43.45. The business has a 50-day moving average of $42.55 and a 200-day moving average of $42.83.

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.