Sound Income Strategies LLC Has $42.75 Million Stock Holdings in iShares 0-5 Year High Yield Corporate Bond ETF $SHYG

Sound Income Strategies LLC lessened its stake in iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG) by 2.0% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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 makes up about 2.1% of Sound Income Strategies LLC’s holdings, making the stock its 6th largest position. Sound Income Strategies LLC owned approximately 0.57% of iShares 0-5 Year High Yield Corporate Bond ETF worth $42,754,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of SHYG. Rossby Financial LCC lifted its stake in iShares 0-5 Year High Yield Corporate Bond ETF by 5.5% during the 4th quarter. Rossby Financial LCC now owns 6,247 shares of the company’s stock valued at $268,000 after acquiring an additional 324 shares in the last quarter. Parallel Advisors LLC grew its stake in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 5.4% in the 4th quarter. Parallel Advisors LLC now owns 8,182 shares of the company’s stock worth $351,000 after acquiring an additional 418 shares in the last quarter. WFA of San Diego LLC grew its stake in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 43.3% in the 4th quarter. WFA of San Diego LLC now owns 1,549 shares of the company’s stock worth $66,000 after acquiring an additional 468 shares in the last quarter. Root Financial Partners LLC raised its holdings in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 3.7% in the first quarter. Root Financial Partners LLC now owns 14,458 shares of the company’s stock valued at $612,000 after purchasing an additional 513 shares during the last quarter. Finally, Cornerstone Financial Management LLC purchased a new stake in shares of iShares 0-5 Year High Yield Corporate Bond ETF in the fourth quarter valued at about $27,000.

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

iShares 0-5 Year High Yield Corporate Bond ETF stock opened at $42.24 on Friday. iShares 0-5 Year High Yield Corporate Bond ETF has a fifty-two week low of $41.83 and a fifty-two week high of $43.39. The firm’s 50-day simple moving average is $42.41 and its 200 day simple moving average is $42.58. The stock has a market cap 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 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.