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ETFs like SHY could benefit as the Fed hikes rates, with short-term debt offering rising yields and limited duration risk.

Shares of iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ: IGSB - Get Free Report) reached a new 52-week low on Thursday. The company traded as low as $51.47 and last traded at $51.47, with a volume of 7131658 shares. The stock had previously closed at $51.50. iShares 1-5 Year Investment Grade Corporate Bond

The iShares 1-5 Year Investment Grade Corporate Bond ETF and Vanguard Short-Term Corporate Bond ETF both provide exposure to high-quality corporate debt with maturities under five years. The Vanguard Short-Term Corporate Bond ETF has a slightly lower expense ratio of 0.03% compared to 0.04% for the iShares fund.

Bond yields remain elevated, but rising rates create risks. Here are a few factors to consider before buying bond ETFs.

Bank of New York Mellon Corp raised its position in iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ: IGSB) by 17.2% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 519,996 shares of the company's stock after buying an additional 76,230 shares