iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG) Hits New 12-Month Low – Here’s What Happened

iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG) reached a new 52-week low on Wednesday. The company traded as low as $41.68 and last traded at $41.6950, with a volume of 466703 shares. The stock had previously closed at $41.84.

iShares 0-5 Year High Yield Corporate Bond ETF Stock Performance

The business has a fifty day simple moving average of $42.05 and a 200-day simple moving average of $42.25. The firm has a market cap of $7.71 billion, a price-to-earnings ratio of 10.74 and a beta of 0.28.

Institutional Investors Weigh In On iShares 0-5 Year High Yield Corporate Bond ETF

Several large investors have recently added to or reduced their stakes in the business. Continuum Advisory LLC boosted its stake in iShares 0-5 Year High Yield Corporate Bond ETF by 14.5% during the 2nd quarter. Continuum Advisory LLC now owns 83,621 shares of the company’s stock valued at $3,546,000 after purchasing an additional 10,565 shares during the last quarter. Jones Financial Companies Lllp raised its stake in shares of 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 worth $6,161,000 after purchasing an additional 25,592 shares during the last quarter. Mount Lucas Management LP lifted its holdings in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 1.3% in the second quarter. Mount Lucas Management LP now owns 52,003 shares of the company’s stock valued at $2,205,000 after purchasing an additional 647 shares in the last quarter. Parallel Advisors LLC lifted its holdings in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 28.5% in the first quarter. Parallel Advisors LLC now owns 10,513 shares of the company’s stock valued at $445,000 after purchasing an additional 2,331 shares in the last quarter. Finally, Strategic Investment Advisors MI boosted its position in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 27.6% during the first quarter. Strategic Investment Advisors MI now owns 57,224 shares of the company’s stock valued at $2,421,000 after buying an additional 12,381 shares during the last quarter.

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.