Adell Harriman & Carpenter Inc. Cuts Stock Position in iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG)

Adell Harriman & Carpenter Inc. cut its stake in shares of iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG) by 32.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 172,080 shares of the company’s stock after selling 81,224 shares during the period. Adell Harriman & Carpenter Inc.’s holdings in iShares 0-5 Year High Yield Corporate Bond ETF were worth $7,265,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Arkadios Wealth Advisors lifted its holdings in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 24.5% in the 4th quarter. Arkadios Wealth Advisors now owns 8,376 shares of the company’s stock valued at $354,000 after buying an additional 1,646 shares during the period. SVB Wealth LLC lifted its holdings in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 1.1% in the fourth quarter. SVB Wealth LLC now owns 82,901 shares of the company’s stock valued at $3,500,000 after purchasing an additional 862 shares in the last quarter. Whittier Trust Co. grew its holdings in iShares 0-5 Year High Yield Corporate Bond ETF by 89.5% during the 4th quarter. Whittier Trust Co. now owns 6,917 shares of the company’s stock valued at $292,000 after buying an additional 3,267 shares during the last quarter. Private Trust Co. NA increased its position in iShares 0-5 Year High Yield Corporate Bond ETF by 60.5% during the 4th quarter. Private Trust Co. NA now owns 5,709 shares of the company’s stock worth $241,000 after purchasing an additional 2,152 shares in the last quarter. Finally, Prime Capital Investment Advisors LLC acquired a new position in shares of iShares 0-5 Year High Yield Corporate Bond ETF in the fourth quarter valued at approximately $3,286,000.

iShares 0-5 Year High Yield Corporate Bond ETF Stock Up 0.2 %

NYSEARCA:SHYG traded up $0.08 during mid-day trading on Monday, reaching $42.15. The company’s stock had a trading volume of 5,384,320 shares, compared to its average volume of 1,554,264. iShares 0-5 Year High Yield Corporate Bond ETF has a twelve month low of $40.15 and a twelve month high of $42.67. The company’s fifty day simple moving average is $42.23 and its two-hundred day simple moving average is $41.89.

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.