Delphi Financial Group Inc. Sells 259,730 Shares of iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG)

Delphi Financial Group Inc. cut its stake in shares of iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG) by 32.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 530,590 shares of the company’s stock after selling 259,730 shares during the quarter. iShares 0-5 Year High Yield Corporate Bond ETF comprises about 14.6% of Delphi Financial Group Inc.’s investment portfolio, making the stock its 2nd largest position. Delphi Financial Group Inc. owned approximately 0.38% of iShares 0-5 Year High Yield Corporate Bond ETF worth $22,577,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in SHYG. RiverFront Investment Group LLC boosted its position in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 21.0% in the 4th quarter. RiverFront Investment Group LLC now owns 1,019,738 shares of the company’s stock worth $43,053,000 after buying an additional 176,686 shares in the last quarter. BNP Paribas Financial Markets boosted its position in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 40.8% in the 4th quarter. BNP Paribas Financial Markets now owns 479,371 shares of the company’s stock worth $20,239,000 after buying an additional 138,859 shares in the last quarter. Motley Fool Wealth Management LLC boosted its position in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 3.3% in the 4th quarter. Motley Fool Wealth Management LLC now owns 443,416 shares of the company’s stock worth $18,717,000 after buying an additional 14,004 shares in the last quarter. Graypoint LLC boosted its position in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 47.2% in the 4th quarter. Graypoint LLC now owns 306,499 shares of the company’s stock worth $12,940,000 after buying an additional 98,228 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its position in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 11.9% in the 4th quarter. Janney Montgomery Scott LLC now owns 274,015 shares of the company’s stock worth $11,568,000 after buying an additional 29,134 shares in the last quarter.

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

NYSEARCA:SHYG traded down $0.01 on Tuesday, reaching $42.24. The stock had a trading volume of 733,586 shares, compared to its average volume of 1,367,626. The firm’s fifty day moving average is $42.16 and its two-hundred day moving average is $42.22. iShares 0-5 Year High Yield Corporate Bond ETF has a 12-month low of $40.15 and a 12-month 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.