Aviance Capital Management LLC cut its holdings in ISHARES Tr/0-5 YR High YIELD C (NYSEARCA:SHYG) by 40.4% in the 2nd quarter, HoldingsChannel reports. The fund owned 88,879 shares of the company’s stock after selling 60,252 shares during the period. Aviance Capital Management LLC’s holdings in ISHARES Tr/0-5 YR High YIELD C were worth $4,144,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Novare Capital Management LLC lifted its stake in ISHARES Tr/0-5 YR High YIELD C by 21.0% in the first quarter. Novare Capital Management LLC now owns 6,578 shares of the company’s stock valued at $308,000 after purchasing an additional 1,143 shares during the last quarter. Creative Financial Designs Inc. ADV lifted its stake in ISHARES Tr/0-5 YR High YIELD C by 16.3% in the second quarter. Creative Financial Designs Inc. ADV now owns 31,719 shares of the company’s stock valued at $1,479,000 after purchasing an additional 4,454 shares during the last quarter. Assetmark Inc. lifted its stake in ISHARES Tr/0-5 YR High YIELD C by 17.3% in the first quarter. Assetmark Inc. now owns 1,394,049 shares of the company’s stock valued at $65,228,000 after purchasing an additional 205,421 shares during the last quarter. Vantage Investment Advisors LLC lifted its stake in ISHARES Tr/0-5 YR High YIELD C by 108.5% in the first quarter. Vantage Investment Advisors LLC now owns 5,889 shares of the company’s stock valued at $276,000 after purchasing an additional 3,064 shares during the last quarter. Finally, WP Advisors LLC lifted its stake in ISHARES Tr/0-5 YR High YIELD C by 1.8% in the second quarter. WP Advisors LLC now owns 206,720 shares of the company’s stock valued at $9,637,000 after purchasing an additional 3,601 shares during the last quarter.

NYSEARCA:SHYG opened at $46.94 on Friday. ISHARES Tr/0-5 YR High YIELD C has a 1 year low of $45.93 and a 1 year high of $47.84.

The business also recently announced a monthly dividend, which was paid on Tuesday, August 7th. Shareholders of record on Thursday, August 2nd were given a dividend of $0.2288 per share. The ex-dividend date was Wednesday, August 1st. This represents a $2.75 annualized dividend and a dividend yield of 5.85%. This is an increase from ISHARES Tr/0-5 YR High YIELD C’s previous monthly dividend of $0.22.

Further Reading: Dividend

Want to see what other hedge funds are holding SHYG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ISHARES Tr/0-5 YR High YIELD C (NYSEARCA:SHYG).

Institutional Ownership by Quarter for ISHARES Tr/0-5 YR High YIELD C (NYSEARCA:SHYG)

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