iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG) Trading Up 0.6% – Time to Buy?

iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG)’s stock price traded up 0.6% during mid-day trading on Monday . The stock traded as high as $42.32 and last traded at $42.19. 2,035,312 shares traded hands during trading, an increase of 5% from the average session volume of 1,937,089 shares. The stock had previously closed at $41.95.

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

The stock has a 50 day moving average of $42.73 and a 200 day moving average of $42.90. The firm has a market cap of $7.99 billion, a P/E ratio of 10.74 and a beta of 0.30.

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

A number of large investors have recently added to or reduced their stakes in SHYG. Rossby Financial LCC increased its position in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 5.5% during the fourth quarter. Rossby Financial LCC now owns 6,247 shares of the company’s stock valued at $268,000 after buying an additional 324 shares during the period. Jaffetilchin Investment Partners LLC lifted its holdings in iShares 0-5 Year High Yield Corporate Bond ETF by 1.0% in the second quarter. Jaffetilchin Investment Partners LLC now owns 32,893 shares of the company’s stock worth $1,419,000 after buying an additional 341 shares during the period. Root Financial Partners LLC lifted its holdings in iShares 0-5 Year High Yield Corporate Bond ETF by 2.9% in the third quarter. Root Financial Partners LLC now owns 14,121 shares of the company’s stock worth $611,000 after buying an additional 400 shares during the period. Parallel Advisors LLC boosted its position in iShares 0-5 Year High Yield Corporate Bond ETF by 5.4% during the 4th quarter. Parallel Advisors LLC now owns 8,182 shares of the company’s stock valued at $351,000 after acquiring an additional 418 shares in the last quarter. Finally, WFA of San Diego LLC grew its holdings in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 43.3% during the 4th quarter. WFA of San Diego LLC now owns 1,549 shares of the company’s stock worth $66,000 after acquiring an additional 468 shares during the period.

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.