Richardson Financial Services Inc. Takes $1.36 Million Position in iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG)

Richardson Financial Services Inc. acquired a new stake in shares of iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 32,127 shares of the company’s stock, valued at approximately $1,356,000. iShares 0-5 Year High Yield Corporate Bond ETF comprises about 1.2% of Richardson Financial Services Inc.’s portfolio, making the stock its 13th largest holding.

Other institutional investors and hedge funds also recently modified their holdings of the company. RiverFront Investment Group LLC raised its stake in iShares 0-5 Year High Yield Corporate Bond ETF by 21.0% during the 4th quarter. RiverFront Investment Group LLC now owns 1,019,738 shares of the company’s stock valued at $43,053,000 after purchasing an additional 176,686 shares during the period. Allstate Corp acquired a new stake in iShares 0-5 Year High Yield Corporate Bond ETF during the 3rd quarter valued at $6,549,000. Ninety One UK Ltd raised its stake in iShares 0-5 Year High Yield Corporate Bond ETF by 307.1% during the 4th quarter. Ninety One UK Ltd now owns 196,200 shares of the company’s stock valued at $8,284,000 after purchasing an additional 148,000 shares during the period. BNP Paribas Financial Markets raised its stake in iShares 0-5 Year High Yield Corporate Bond ETF by 40.8% during the 4th quarter. BNP Paribas Financial Markets now owns 479,371 shares of the company’s stock valued at $20,239,000 after purchasing an additional 138,859 shares during the period. Finally, Waterloo Capital L.P. acquired a new stake in iShares 0-5 Year High Yield Corporate Bond ETF during the 4th quarter valued at $5,120,000.

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

NYSEARCA:SHYG traded down $0.12 during trading hours on Friday, hitting $42.10. 597,951 shares of the stock traded hands, compared to its average volume of 1,401,428. The firm has a 50 day moving average price of $42.08 and a 200 day moving average price of $42.18. iShares 0-5 Year High Yield Corporate Bond ETF has a fifty-two week low of $40.15 and a fifty-two week high of $42.67.

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.