iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG) Reaches New 1-Year Low – Time to Sell?

iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG) reached a new 52-week low during trading on Wednesday . The stock traded as low as $41.68 and last traded at $41.6950, with a volume of 466703 shares traded. The stock had previously closed at $41.84.

iShares 0-5 Year High Yield Corporate Bond ETF Trading Down 0.5%

The stock has a 50 day moving average of $42.08 and a 200-day moving average of $42.26. The company has a market capitalization of $7.73 billion, a P/E ratio of 10.74 and a beta of 0.28.

Institutional Trading of iShares 0-5 Year High Yield Corporate Bond ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Continuum Advisory LLC lifted its stake in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 14.5% during the 2nd quarter. Continuum Advisory LLC now owns 83,621 shares of the company’s stock valued at $3,546,000 after buying an additional 10,565 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in iShares 0-5 Year High Yield Corporate Bond ETF by 21.3% during the second quarter. Jones Financial Companies Lllp now owns 145,486 shares of the company’s stock valued at $6,161,000 after acquiring an additional 25,592 shares during the period. Mount Lucas Management LP grew its position in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 1.3% during the second quarter. Mount Lucas Management LP now owns 52,003 shares of the company’s stock worth $2,205,000 after purchasing an additional 647 shares in the last quarter. Parallel Advisors LLC lifted its holdings in iShares 0-5 Year High Yield Corporate Bond ETF by 28.5% in the 1st quarter. Parallel Advisors LLC now owns 10,513 shares of the company’s stock worth $445,000 after purchasing an additional 2,331 shares in the last quarter. Finally, Strategic Investment Advisors MI boosted its stake in iShares 0-5 Year High Yield Corporate Bond ETF by 27.6% in the 1st quarter. Strategic Investment Advisors MI now owns 57,224 shares of the company’s stock worth $2,421,000 after purchasing an additional 12,381 shares during the period.

About iShares 0-5 Year High Yield Corporate Bond ETF

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.