Collaborative Fund Advisors LLC Invests $1.58 Million in iShares Broad USD High Yield Corporate Bond ETF $USHY

Collaborative Fund Advisors LLC acquired a new stake in iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY) during the first quarter, Holdings Channel.com reports. The firm acquired 42,783 shares of the company’s stock, valued at approximately $1,576,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in USHY. IFC & Insurance Marketing Inc. bought a new stake in iShares Broad USD High Yield Corporate Bond ETF during the fourth quarter worth approximately $27,000. Brown Brothers Harriman & Co. raised its position in shares of iShares Broad USD High Yield Corporate Bond ETF by 43.1% in the fourth quarter. Brown Brothers Harriman & Co. now owns 923 shares of the company’s stock valued at $35,000 after purchasing an additional 278 shares during the period. Elyxium Wealth LLC acquired a new stake in shares of iShares Broad USD High Yield Corporate Bond ETF in the fourth quarter worth $36,000. Creative Financial Designs Inc. ADV lifted its stake in shares of iShares Broad USD High Yield Corporate Bond ETF by 9,400.0% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 1,425 shares of the company’s stock worth $53,000 after buying an additional 1,410 shares during the last quarter. Finally, Olistico Wealth LLC acquired a new stake in shares of iShares Broad USD High Yield Corporate Bond ETF in the fourth quarter worth $72,000.

iShares Broad USD High Yield Corporate Bond ETF Stock Performance

BATS USHY opened at $36.89 on Monday. iShares Broad USD High Yield Corporate Bond ETF has a 1 year low of $36.39 and a 1 year high of $37.87. The company has a fifty day simple moving average of $36.99 and a 200 day simple moving average of $37.17. The company has a market cap of $23.21 billion, a P/E ratio of 10.79 and a beta of 0.41.

iShares Broad USD High Yield Corporate Bond ETF 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.