iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG) Shares Up 0.1% – Time to Buy?

iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG)’s stock price were up 0.1% during mid-day trading on Thursday . The company traded as high as $42.80 and last traded at $42.79. Approximately 910,852 shares changed hands during trading, an increase of 7% from the average daily volume of 851,290 shares. The stock had previously closed at $42.74.

iShares 0-5 Year High Yield Corporate Bond ETF Stock Down 0.4 %

The company has a 50 day moving average of $42.91 and a 200-day moving average of $42.83.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Graypoint LLC boosted its stake in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 4.3% in the fourth quarter. Graypoint LLC now owns 131,461 shares of the company’s stock valued at $5,602,000 after buying an additional 5,362 shares during the period. Sunbelt Securities Inc. raised its holdings in iShares 0-5 Year High Yield Corporate Bond ETF by 4.3% in the 3rd quarter. Sunbelt Securities Inc. now owns 48,262 shares of the company’s stock valued at $2,096,000 after acquiring an additional 2,009 shares in the last quarter. Continuum Advisory LLC lifted its position in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 13.9% during the 3rd quarter. Continuum Advisory LLC now owns 42,411 shares of the company’s stock valued at $1,822,000 after acquiring an additional 5,160 shares during the period. Motley Fool Wealth Management LLC grew its holdings in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 98.5% during the 3rd quarter. Motley Fool Wealth Management LLC now owns 686,613 shares of the company’s stock worth $29,813,000 after purchasing an additional 340,749 shares in the last quarter. Finally, Kiely Wealth Advisory Group Inc. bought a new position in shares of iShares 0-5 Year High Yield Corporate Bond ETF in the third quarter worth $6,858,000.

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.