Atomic Invest LLC grew its position in iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG – Free Report) by 416.9% in the second quarter, HoldingsChannel.com reports. The firm owned 106,138 shares of the company’s stock after acquiring an additional 85,604 shares during the period. iShares 0-5 Year High Yield Corporate Bond ETF accounts for approximately 0.4% of Atomic Invest LLC’s investment portfolio, making the stock its 24th biggest holding. Atomic Invest LLC’s holdings in iShares 0-5 Year High Yield Corporate Bond ETF were worth $4,504,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SHYG. Financial Gravity Asset Management Inc. boosted its stake in iShares 0-5 Year High Yield Corporate Bond ETF by 7.4% during the 4th quarter. Financial Gravity Asset Management Inc. now owns 526,684 shares of the company’s stock worth $22,579,000 after purchasing an additional 36,272 shares during the last quarter. Argent Advisors Inc. acquired a new position in iShares 0-5 Year High Yield Corporate Bond ETF during the fourth quarter worth $603,000. Bank of New York Mellon Corp boosted its position in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 31.0% during the 1st quarter. Bank of New York Mellon Corp now owns 1,149,340 shares of the company’s stock valued at $48,629,000 after acquiring an additional 272,163 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of iShares 0-5 Year High Yield Corporate Bond ETF during the 1st quarter worth approximately $1,254,000. Finally, Jones Financial Companies Lllp raised its position in iShares 0-5 Year High Yield Corporate Bond ETF by 21.3% in the second quarter. Jones Financial Companies Lllp now owns 145,486 shares of the company’s stock valued at $6,161,000 after purchasing an additional 25,592 shares during the period.
iShares 0-5 Year High Yield Corporate Bond ETF Stock Down 0.1%
NYSEARCA SHYG traded down $0.06 during trading on Friday, hitting $41.45. The stock had a trading volume of 905,702 shares, compared to its average volume of 1,545,442. The firm has a 50 day moving average price of $42.05 and a 200 day moving average price of $42.25. iShares 0-5 Year High Yield Corporate Bond ETF has a twelve month low of $41.41 and a twelve month high of $43.35. The company has a market capitalization of $7.70 billion, a PE ratio of 10.74 and a beta of 0.28.
About iShares 0-5 Year High Yield Corporate Bond ETF
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.
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Want to see what other hedge funds are holding SHYG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG – Free Report).
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