Bank of New York Mellon Corp Purchases 272,163 Shares of iShares 0-5 Year High Yield Corporate Bond ETF $SHYG

Bank of New York Mellon Corp increased its stake in iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG) by 31.0% in the first quarter, Holdings Channel.com reports. The firm owned 1,149,340 shares of the company’s stock after purchasing an additional 272,163 shares during the quarter. Bank of New York Mellon Corp’s holdings in iShares 0-5 Year High Yield Corporate Bond ETF were worth $48,629,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Legacy Financial Group LLC boosted its stake in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 62.7% during the 4th quarter. Legacy Financial Group LLC now owns 417,113 shares of the company’s stock worth $17,836,000 after buying an additional 160,814 shares during the last quarter. Loomis Sayles & Co. L P increased its position in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 22.1% in the fourth quarter. Loomis Sayles & Co. L P now owns 466,000 shares of the company’s stock valued at $19,977,000 after acquiring an additional 84,500 shares during the last quarter. Virtue Capital Management LLC raised its holdings in iShares 0-5 Year High Yield Corporate Bond ETF by 962.2% during the fourth quarter. Virtue Capital Management LLC now owns 79,572 shares of the company’s stock worth $3,414,000 after acquiring an additional 72,081 shares in the last quarter. FSA Advisors Inc. acquired a new position in iShares 0-5 Year High Yield Corporate Bond ETF during the fourth quarter valued at approximately $2,029,000. Finally, Financial Gravity Asset Management Inc. boosted its position in iShares 0-5 Year High Yield Corporate Bond ETF by 7.4% during the fourth quarter. Financial Gravity Asset Management Inc. now owns 526,684 shares of the company’s stock valued at $22,579,000 after purchasing an additional 36,272 shares during the last quarter.

iShares 0-5 Year High Yield Corporate Bond ETF Trading Down 0.0%

Shares of SHYG opened at $42.03 on Friday. The company’s fifty day simple moving average is $42.31 and its 200 day simple moving average is $42.51. iShares 0-5 Year High Yield Corporate Bond ETF has a 1-year low of $41.83 and a 1-year high of $43.39. The company has a market cap of $7.59 billion, a price-to-earnings ratio of 10.74 and a beta of 0.28.

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.