Argent Advisors Inc. Invests $603,000 in iShares 0-5 Year High Yield Corporate Bond ETF $SHYG

Argent Advisors Inc. acquired a new stake in iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG) in the 4th quarter, HoldingsChannel.com reports. The fund acquired 14,063 shares of the company’s stock, valued at approximately $603,000.

Several other institutional investors have also modified their holdings of the company. Dunhill Financial LLC acquired a new stake in shares of iShares 0-5 Year High Yield Corporate Bond ETF during the third quarter worth $26,000. Millstone Evans Group LLC purchased a new position in shares of iShares 0-5 Year High Yield Corporate Bond ETF during the fourth quarter valued at $34,000. WFA of San Diego LLC purchased a new position in shares of iShares 0-5 Year High Yield Corporate Bond ETF during the second quarter valued at $47,000. Bessemer Group Inc. purchased a new position in shares of iShares 0-5 Year High Yield Corporate Bond ETF during the third quarter valued at $131,000. Finally, Peak Retirement Planning Inc. purchased a new position in shares of iShares 0-5 Year High Yield Corporate Bond ETF during the fourth quarter valued at $236,000.

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

NYSEARCA:SHYG opened at $42.30 on Friday. iShares 0-5 Year High Yield Corporate Bond ETF has a fifty-two week low of $41.83 and a fifty-two week high of $43.39. The stock’s 50-day moving average is $42.42 and its two-hundred day moving average is $42.66. The stock has a market cap of $7.52 billion, a PE ratio of 10.74 and a beta of 0.28.

About iShares 0-5 Year High Yield Corporate Bond ETF

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.