Janney Montgomery Scott LLC Has $3.93 Million Position in iShares 0-5 Year High Yield Corporate Bond ETF $SHYG

Janney Montgomery Scott LLC lessened its stake in iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG) by 13.7% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 92,829 shares of the company’s stock after selling 14,768 shares during the quarter. Janney Montgomery Scott LLC’s holdings in iShares 0-5 Year High Yield Corporate Bond ETF were worth $3,928,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Rossby Financial LCC boosted its position in iShares 0-5 Year High Yield Corporate Bond ETF by 5.5% in the fourth quarter. Rossby Financial LCC now owns 6,247 shares of the company’s stock valued at $268,000 after buying an additional 324 shares in the last quarter. Parallel Advisors LLC grew its holdings in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 5.4% during the fourth quarter. Parallel Advisors LLC now owns 8,182 shares of the company’s stock worth $351,000 after purchasing an additional 418 shares during the last quarter. WFA of San Diego LLC increased its stake in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 43.3% in the fourth quarter. WFA of San Diego LLC now owns 1,549 shares of the company’s stock valued at $66,000 after buying an additional 468 shares during the period. Cornerstone Financial Management LLC bought a new position in iShares 0-5 Year High Yield Corporate Bond ETF in the 4th quarter valued at approximately $27,000. Finally, BNP Paribas Financial Markets boosted its position in iShares 0-5 Year High Yield Corporate Bond ETF by 10.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 7,431 shares of the company’s stock worth $322,000 after buying an additional 702 shares during the period.

iShares 0-5 Year High Yield Corporate Bond ETF Stock Down 0.0%

NYSEARCA SHYG traded down $0.02 on Tuesday, hitting $42.26. The company’s stock had a trading volume of 150,007 shares, compared to its average volume of 1,611,413. The company’s 50-day moving average is $42.39 and its 200 day moving average is $42.57. The firm has a market cap of $7.59 billion, a PE ratio of 10.74 and a beta of 0.28. iShares 0-5 Year High Yield Corporate Bond ETF has a 1-year low of $41.83 and a 1-year high of $43.39.

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.