RMG Wealth Management LLC Invests $1.22 Million in iShares 0-5 Year High Yield Corporate Bond ETF $SHYG

RMG Wealth Management LLC bought a new stake in iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor bought 28,760 shares of the company’s stock, valued at approximately $1,220,000. iShares 0-5 Year High Yield Corporate Bond ETF accounts for about 0.1% of RMG Wealth Management LLC’s investment portfolio, making the stock its 19th biggest holding.

Other hedge funds have also bought and sold shares of the company. Rossby Financial LCC grew its holdings in iShares 0-5 Year High Yield Corporate Bond ETF by 5.5% during the fourth quarter. Rossby Financial LCC now owns 6,247 shares of the company’s stock worth $268,000 after purchasing an additional 324 shares during the period. Parallel Advisors LLC raised its stake in iShares 0-5 Year High Yield Corporate Bond ETF by 5.4% in the fourth quarter. Parallel Advisors LLC now owns 8,182 shares of the company’s stock valued at $351,000 after buying an additional 418 shares during the period. WFA of San Diego LLC raised its stake in 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. Root Financial Partners LLC lifted its position 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 buying an additional 513 shares during the last quarter. Finally, Cornerstone Financial Management LLC acquired a new stake in shares of iShares 0-5 Year High Yield Corporate Bond ETF in the fourth quarter valued at approximately $27,000.

iShares 0-5 Year High Yield Corporate Bond ETF Trading Down 0.3%

Shares of NYSEARCA SHYG opened at $42.04 on Friday. iShares 0-5 Year High Yield Corporate Bond ETF has a 12 month low of $41.83 and a 12 month high of $43.39. The stock has a 50 day moving average of $42.31 and a 200-day moving average of $42.52. The company has a market capitalization of $7.60 billion, a P/E 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.