4,891 Shares in iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG) Acquired by Summit Financial LLC

Summit Financial LLC acquired a new stake in shares of iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 4,891 shares of the company’s stock, valued at approximately $208,000.

Other large investors have also recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB boosted its stake in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 3,469.2% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,392 shares of the company’s stock valued at $59,000 after buying an additional 1,353 shares during the period. Richardson Capital Management LLC boosted its position in iShares 0-5 Year High Yield Corporate Bond ETF by 27.9% during the fourth quarter. Richardson Capital Management LLC now owns 1,969 shares of the company’s stock valued at $84,000 after purchasing an additional 429 shares during the last quarter. First Horizon Advisors Inc. grew its stake in iShares 0-5 Year High Yield Corporate Bond ETF by 100.4% in the fourth quarter. First Horizon Advisors Inc. now owns 4,318 shares of the company’s stock valued at $184,000 after purchasing an additional 2,163 shares in the last quarter. Wintrust Investments LLC increased its position in iShares 0-5 Year High Yield Corporate Bond ETF by 287.7% in the 4th quarter. Wintrust Investments LLC now owns 4,486 shares of the company’s stock worth $191,000 after purchasing an additional 3,329 shares during the last quarter. Finally, Princeton Global Asset Management LLC raised its stake in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 101.3% during the 4th quarter. Princeton Global Asset Management LLC now owns 4,878 shares of the company’s stock worth $208,000 after purchasing an additional 2,455 shares in the last quarter.

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

Shares of NYSEARCA SHYG opened at $41.23 on Friday. The business has a 50 day simple moving average of $42.84 and a 200 day simple moving average of $42.94. iShares 0-5 Year High Yield Corporate Bond ETF has a 52 week low of $40.91 and a 52 week high of $43.45. The stock has a market cap of $6.26 billion, a price-to-earnings ratio of 10.83 and a beta of 0.36.

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.