Allstate Corp Acquires 35,344 Shares of iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG)

Allstate Corp boosted its stake in shares of iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG) by 56.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 97,744 shares of the company’s stock after purchasing an additional 35,344 shares during the quarter. Allstate Corp owned about 0.07% of iShares 0-5 Year High Yield Corporate Bond ETF worth $4,165,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of SHYG. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 3,469.2% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,392 shares of the company’s stock worth $59,000 after buying an additional 1,353 shares during the period. Richardson Capital Management LLC boosted its holdings in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 27.9% during the fourth quarter. Richardson Capital Management LLC now owns 1,969 shares of the company’s stock worth $84,000 after acquiring an additional 429 shares during the period. First Horizon Advisors Inc. increased its stake in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 100.4% during the fourth quarter. First Horizon Advisors Inc. now owns 4,318 shares of the company’s stock worth $184,000 after purchasing an additional 2,163 shares during the period. Wintrust Investments LLC lifted its holdings in iShares 0-5 Year High Yield Corporate Bond ETF by 287.7% during the 4th quarter. Wintrust Investments LLC now owns 4,486 shares of the company’s stock worth $191,000 after purchasing an additional 3,329 shares during the last quarter. Finally, Princeton Global Asset Management LLC lifted its holdings in iShares 0-5 Year High Yield Corporate Bond ETF by 101.3% during the 4th quarter. Princeton Global Asset Management LLC now owns 4,878 shares of the company’s stock worth $208,000 after purchasing an additional 2,455 shares during the last quarter.

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

SHYG stock opened at $42.52 on Friday. iShares 0-5 Year High Yield Corporate Bond ETF has a fifty-two week low of $41.60 and a fifty-two week high of $43.45. The stock has a market capitalization of $6.45 billion, a price-to-earnings ratio of 10.83 and a beta of 0.36. The business’s fifty day moving average price is $42.94 and its two-hundred day moving average price is $42.97.

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.