Deane Retirement Strategies Inc. Purchases Shares of 258,672 iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY)

Deane Retirement Strategies Inc. purchased a new position in shares of iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 258,672 shares of the company’s stock, valued at approximately $9,403,000. iShares Broad USD High Yield Corporate Bond ETF comprises 5.1% of Deane Retirement Strategies Inc.’s holdings, making the stock its 5th largest position.

Several other institutional investors have also recently added to or reduced their stakes in the business. TIAA Trust National Association acquired a new position in shares of iShares Broad USD High Yield Corporate Bond ETF in the 3rd quarter valued at $97,265,000. Partners Capital Investment Group LLP increased its stake in iShares Broad USD High Yield Corporate Bond ETF by 41.4% in the second quarter. Partners Capital Investment Group LLP now owns 1,978,301 shares of the company’s stock valued at $69,834,000 after purchasing an additional 579,217 shares during the period. Allstate Investment Management Co. purchased a new stake in shares of iShares Broad USD High Yield Corporate Bond ETF in the fourth quarter valued at about $59,668,000. Rebalance LLC grew its holdings in shares of iShares Broad USD High Yield Corporate Bond ETF by 2.7% during the third quarter. Rebalance LLC now owns 1,269,588 shares of the company’s stock worth $44,067,000 after buying an additional 33,565 shares during the last quarter. Finally, PFS Investments Inc. grew its stake in shares of iShares Broad USD High Yield Corporate Bond ETF by 6.9% in the 4th quarter. PFS Investments Inc. now owns 1,072,704 shares of the company’s stock valued at $37,040,000 after purchasing an additional 69,065 shares during the last quarter.

iShares Broad USD High Yield Corporate Bond ETF Stock Performance

iShares Broad USD High Yield Corporate Bond ETF stock traded up $0.20 during trading hours on Thursday, reaching $36.66. 2,640,593 shares of the stock were exchanged. The company’s 50-day moving average price is $36.35 and its 200 day moving average price is $35.63. The stock has a market capitalization of $9.74 billion, a PE ratio of 59.99 and a beta of 0.44.

iShares Broad USD High Yield Corporate Bond ETF Company Profile

The iShares Broad USD High Yield Corporate Bond ETF (USHY) is an exchange-traded fund that is based on the ICE BofA US High Yield Constrained index. The fund tracks a market value-weighted index of USD-denominated high yield corporate debt with broad maturities. USHY was launched on Oct 25, 2017 and is managed by BlackRock.