Financial Gravity Asset Management Inc. Has $22.58 Million Position in iShares 0-5 Year High Yield Corporate Bond ETF $SHYG

Financial Gravity Asset Management Inc. grew its position in iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG) by 7.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 526,684 shares of the company’s stock after acquiring an additional 36,272 shares during the period. iShares 0-5 Year High Yield Corporate Bond ETF accounts for approximately 4.3% of Financial Gravity Asset Management Inc.’s investment portfolio, making the stock its 3rd biggest position. Financial Gravity Asset Management Inc. owned 0.28% of iShares 0-5 Year High Yield Corporate Bond ETF worth $22,579,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of SHYG. Legacy Financial Group LLC increased its holdings in iShares 0-5 Year High Yield Corporate Bond ETF by 62.7% in the fourth quarter. Legacy Financial Group LLC now owns 417,113 shares of the company’s stock valued at $17,836,000 after purchasing an additional 160,814 shares during the period. Loomis Sayles & Co. L P increased its holdings in iShares 0-5 Year High Yield Corporate Bond ETF by 22.1% in the fourth quarter. Loomis Sayles & Co. L P now owns 466,000 shares of the company’s stock valued at $19,977,000 after purchasing an additional 84,500 shares during the period. FSA Advisors Inc. acquired a new stake in iShares 0-5 Year High Yield Corporate Bond ETF in the fourth quarter valued at $2,029,000. Sound Income Strategies LLC increased its holdings in iShares 0-5 Year High Yield Corporate Bond ETF by 3.5% in the fourth quarter. Sound Income Strategies LLC now owns 1,035,730 shares of the company’s stock valued at $44,588,000 after purchasing an additional 34,667 shares during the period. Finally, Ameriprise Financial Inc. increased its holdings in iShares 0-5 Year High Yield Corporate Bond ETF by 8.7% in the third quarter. Ameriprise Financial Inc. now owns 432,109 shares of the company’s stock valued at $18,710,000 after purchasing an additional 34,416 shares during the period.

iShares 0-5 Year High Yield Corporate Bond ETF Stock Up 0.0%

NYSEARCA SHYG opened at $42.36 on Friday. The company has a market capitalization of $7.53 billion, a price-to-earnings ratio of 10.74 and a beta of 0.28. iShares 0-5 Year High Yield Corporate Bond ETF has a twelve month low of $41.83 and a twelve month high of $43.39. The stock has a fifty day simple moving average of $42.44 and a 200 day simple moving average of $42.64.

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.