Pacer Advisors Inc. Acquires New Shares in iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG)

Pacer Advisors Inc. acquired a new stake in iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG) in the first quarter, according to its most recent filing with the SEC. The fund acquired 46,980 shares of the company’s stock, valued at approximately $1,998,000.

A number of other hedge funds have also bought and sold shares of the business. Park Square Financial Group LLC bought a new position in iShares 0-5 Year High Yield Corporate Bond ETF in the 4th quarter valued at $62,000. AdvisorNet Financial Inc boosted its holdings in iShares 0-5 Year High Yield Corporate Bond ETF by 43.1% in the 1st quarter. AdvisorNet Financial Inc now owns 1,551 shares of the company’s stock valued at $66,000 after purchasing an additional 467 shares during the period. Mascagni Wealth Management Inc. bought a new stake in shares of iShares 0-5 Year High Yield Corporate Bond ETF during the 4th quarter worth $69,000. Ameriflex Group Inc. bought a new stake in shares of iShares 0-5 Year High Yield Corporate Bond ETF during the 4th quarter worth $70,000. Finally, Parallel Advisors LLC lifted its holdings in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 114.7% during the 1st quarter. Parallel Advisors LLC now owns 1,930 shares of the company’s stock worth $82,000 after acquiring an additional 1,031 shares during the last quarter.

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

NYSEARCA SHYG opened at $43.07 on Wednesday. iShares 0-5 Year High Yield Corporate Bond ETF has a 52-week low of $40.38 and a 52-week high of $43.45. The company has a market capitalization of $6.89 billion, a P/E ratio of 10.74 and a beta of 0.34. The company has a fifty day moving average of $42.76 and a 200-day moving average of $42.62.

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.