Kiely Wealth Advisory Group Inc. Purchases Shares of 159,323 iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG)

Kiely Wealth Advisory Group Inc. acquired a new stake in iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 159,323 shares of the company’s stock, valued at approximately $6,858,000. iShares 0-5 Year High Yield Corporate Bond ETF accounts for approximately 4.3% of Kiely Wealth Advisory Group Inc.’s portfolio, making the stock its 6th biggest holding. Kiely Wealth Advisory Group Inc. owned approximately 0.11% of iShares 0-5 Year High Yield Corporate Bond ETF at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of SHYG. Fortitude Family Office LLC purchased a new stake in iShares 0-5 Year High Yield Corporate Bond ETF in the third quarter worth $37,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of iShares 0-5 Year High Yield Corporate Bond ETF in the 2nd quarter worth about $39,000. Richardson Capital Management LLC boosted its stake in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 43.5% during the 3rd quarter. Richardson Capital Management LLC now owns 1,540 shares of the company’s stock valued at $67,000 after purchasing an additional 467 shares in the last quarter. First Horizon Advisors Inc. increased its position in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 31.8% during the second quarter. First Horizon Advisors Inc. now owns 1,697 shares of the company’s stock valued at $72,000 after buying an additional 409 shares during the period. Finally, Princeton Global Asset Management LLC bought a new position in iShares 0-5 Year High Yield Corporate Bond ETF in the third quarter worth about $105,000.

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

Shares of SHYG opened at $43.30 on Friday. The company has a 50-day simple moving average of $43.09 and a two-hundred day simple moving average of $42.70. iShares 0-5 Year High Yield Corporate Bond ETF has a one year low of $41.42 and a one year high of $43.45.

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.