Sumitomo Mitsui Trust Group Inc. Grows Stake in iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG)

Sumitomo Mitsui Trust Group Inc. increased its holdings in iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG) by 1.8% in the first quarter, HoldingsChannel.com reports. The fund owned 75,850 shares of the company’s stock after acquiring an additional 1,363 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in iShares 0-5 Year High Yield Corporate Bond ETF were worth $3,225,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SHYG. JPMorgan Chase & Co. raised its stake in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 186.6% in the fourth quarter. JPMorgan Chase & Co. now owns 125,750 shares of the company’s stock worth $5,358,000 after purchasing an additional 81,871 shares during the last quarter. RiverFront Investment Group LLC raised its position in iShares 0-5 Year High Yield Corporate Bond ETF by 15.9% in the 4th quarter. RiverFront Investment Group LLC now owns 278,320 shares of the company’s stock worth $11,859,000 after buying an additional 38,221 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its position in iShares 0-5 Year High Yield Corporate Bond ETF by 19.7% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 215,439 shares of the company’s stock worth $9,160,000 after buying an additional 35,421 shares during the last quarter. Allstate Corp raised its position in iShares 0-5 Year High Yield Corporate Bond ETF by 56.6% in the 4th quarter. Allstate Corp now owns 97,744 shares of the company’s stock worth $4,165,000 after buying an additional 35,344 shares during the last quarter. Finally, Waterloo Capital L.P. raised its holdings in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 13.3% during the fourth quarter. Waterloo Capital L.P. now owns 215,053 shares of the company’s stock valued at $9,163,000 after purchasing an additional 25,240 shares during the last quarter.

iShares 0-5 Year High Yield Corporate Bond ETF Stock Up 0.1%

SHYG opened at $42.97 on Friday. The firm has a 50 day moving average price of $42.58 and a 200-day moving average price of $42.59. iShares 0-5 Year High Yield Corporate Bond ETF has a twelve month low of $40.38 and a twelve month high of $43.45. The stock has a market capitalization of $6.74 billion, a price-to-earnings ratio of 10.74 and a beta of 0.34.

iShares 0-5 Year High Yield Corporate Bond ETF 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.