iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG) Hits New 12-Month High at $43.41

iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG) shares hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $43.41 and last traded at $43.40, with a volume of 160483 shares trading hands. The stock had previously closed at $43.32.

iShares 0-5 Year High Yield Corporate Bond ETF Stock Up 0.2 %

The firm’s 50-day moving average is $42.81 and its two-hundred day moving average is $42.41.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in SHYG. Ninety One UK Ltd lifted its holdings in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 77.2% during the second quarter. Ninety One UK Ltd now owns 347,630 shares of the company’s stock worth $14,670,000 after buying an additional 151,430 shares in the last quarter. Fairview Capital Investment Management LLC grew its position in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 5.5% in the 1st quarter. Fairview Capital Investment Management LLC now owns 218,278 shares of the company’s stock valued at $9,288,000 after buying an additional 11,430 shares during the last quarter. RiverFront Investment Group LLC lifted its position in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 26.1% in the 2nd quarter. RiverFront Investment Group LLC now owns 211,365 shares of the company’s stock worth $8,920,000 after purchasing an additional 43,794 shares during the period. Adell Harriman & Carpenter Inc. grew its holdings in iShares 0-5 Year High Yield Corporate Bond ETF by 0.3% during the 2nd quarter. Adell Harriman & Carpenter Inc. now owns 171,946 shares of the company’s stock worth $7,256,000 after acquiring an additional 581 shares during the period. Finally, Cambridge Investment Research Advisors Inc. lifted its stake in iShares 0-5 Year High Yield Corporate Bond ETF by 1.7% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 146,573 shares of the company’s stock valued at $6,185,000 after buying an additional 2,477 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.