Sound Income Strategies LLC Raises Stock Position in iShares 0-5 Year High Yield Corporate Bond ETF $SHYG

Sound Income Strategies LLC raised its stake in iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG) by 3.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,035,730 shares of the company’s stock after buying an additional 34,667 shares during the period. iShares 0-5 Year High Yield Corporate Bond ETF comprises about 2.1% of Sound Income Strategies LLC’s investment portfolio, making the stock its 6th biggest position. Sound Income Strategies LLC owned 0.55% of iShares 0-5 Year High Yield Corporate Bond ETF worth $44,588,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the stock. Root Financial Partners LLC increased its holdings in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 2.9% in the 3rd quarter. Root Financial Partners LLC now owns 14,121 shares of the company’s stock worth $611,000 after buying an additional 400 shares during the last quarter. City Holding Co. increased its holdings in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 0.5% in the 3rd quarter. City Holding Co. now owns 101,594 shares of the company’s stock worth $4,398,000 after buying an additional 479 shares during the last quarter. North Star Investment Management Corp. increased its holdings in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 10.1% in the 3rd quarter. North Star Investment Management Corp. now owns 6,021 shares of the company’s stock worth $261,000 after buying an additional 550 shares during the last quarter. Dunhill Financial LLC bought a new stake in shares of iShares 0-5 Year High Yield Corporate Bond ETF in the 3rd quarter worth approximately $26,000. Finally, CKW Financial Group lifted its holdings in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 7.4% in the 3rd quarter. CKW Financial Group now owns 9,469 shares of the company’s stock worth $408,000 after acquiring an additional 653 shares during the last quarter.

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

Shares of SHYG opened at $42.26 on Tuesday. The firm has a market cap of $7.47 billion, a price-to-earnings ratio of 10.74 and a beta of 0.30. iShares 0-5 Year High Yield Corporate Bond ETF has a fifty-two week low of $40.38 and a fifty-two week high of $43.39. The firm has a 50 day moving average price of $42.54 and a 200-day moving average price of $42.82.

iShares 0-5 Year High Yield Corporate Bond ETF Company 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.