RiverFront Investment Group LLC Acquires 176,686 Shares of iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG)

RiverFront Investment Group LLC boosted its holdings in shares of iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG) by 21.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,019,738 shares of the company’s stock after purchasing an additional 176,686 shares during the quarter. iShares 0-5 Year High Yield Corporate Bond ETF comprises approximately 1.4% of RiverFront Investment Group LLC’s holdings, making the stock its 24th largest position. RiverFront Investment Group LLC’s holdings in iShares 0-5 Year High Yield Corporate Bond ETF were worth $43,053,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Arkadios Wealth Advisors lifted its position 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 worth $354,000 after acquiring an additional 1,646 shares during the period. SVB Wealth LLC lifted its position in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 1.1% in the 4th quarter. SVB Wealth LLC now owns 82,901 shares of the company’s stock worth $3,500,000 after acquiring an additional 862 shares during the period. Whittier Trust Co. lifted its position in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 89.5% in the 4th quarter. Whittier Trust Co. now owns 6,917 shares of the company’s stock worth $292,000 after acquiring an additional 3,267 shares during the period. Private Trust Co. NA lifted its position in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 60.5% in the 4th quarter. Private Trust Co. NA now owns 5,709 shares of the company’s stock worth $241,000 after acquiring an additional 2,152 shares during the period. Finally, Prime Capital Investment Advisors LLC bought a new stake in shares of iShares 0-5 Year High Yield Corporate Bond ETF in the 4th quarter worth approximately $3,286,000.

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

Shares of iShares 0-5 Year High Yield Corporate Bond ETF stock traded up $0.11 during midday trading on Friday, hitting $42.07. 2,093,523 shares of the company were exchanged, compared to its average volume of 1,506,979. iShares 0-5 Year High Yield Corporate Bond ETF has a 52 week low of $40.15 and a 52 week high of $42.67. The firm has a 50 day simple moving average of $42.23 and a 200-day simple moving average of $41.88.

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.