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

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

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

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Graypoint LLC increased its position in 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 worth $5,602,000 after purchasing an additional 5,362 shares during the period. Sunbelt Securities Inc. boosted its stake in shares of 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 purchasing an additional 2,009 shares during the last quarter. Continuum Advisory LLC grew 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 worth $1,822,000 after buying an additional 5,160 shares during the period. Motley Fool Wealth Management LLC raised its stake in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 98.5% during the third quarter. Motley Fool Wealth Management LLC now owns 686,613 shares of the company’s stock worth $29,813,000 after buying an additional 340,749 shares during the last quarter. Finally, Kiely Wealth Advisory Group Inc. acquired a new position in iShares 0-5 Year High Yield Corporate Bond ETF in the third quarter valued at approximately $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.