iShares Broad USD High Yield Corporate Bond ETF $USHY Stock: Rebalance LLC Grows Stake

Rebalance LLC raised its stake in iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY) by 3.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,971,661 shares of the company’s stock after buying an additional 64,097 shares during the quarter. iShares Broad USD High Yield Corporate Bond ETF accounts for about 3.6% of Rebalance LLC’s portfolio, making the stock its 8th largest position. Rebalance LLC owned approximately 0.31% of iShares Broad USD High Yield Corporate Bond ETF worth $70,428,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Wavvest Wealth LLC bought a new stake in shares of iShares Broad USD High Yield Corporate Bond ETF in the 3rd quarter valued at about $1,255,000. Fifth Third Securities Inc. boosted its stake in iShares Broad USD High Yield Corporate Bond ETF by 5.1% during the 3rd quarter. Fifth Third Securities Inc. now owns 376,434 shares of the company’s stock worth $13,446,000 after acquiring an additional 18,249 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in iShares Broad USD High Yield Corporate Bond ETF by 1.7% during the 3rd quarter. Nisa Investment Advisors LLC now owns 97,038 shares of the company’s stock worth $3,466,000 after acquiring an additional 1,649 shares during the last quarter. Prime Capital Investment Advisors LLC grew its holdings in iShares Broad USD High Yield Corporate Bond ETF by 0.8% during the third quarter. Prime Capital Investment Advisors LLC now owns 1,124,585 shares of the company’s stock valued at $40,170,000 after purchasing an additional 9,318 shares during the period. Finally, First Bank & Trust grew its holdings in iShares Broad USD High Yield Corporate Bond ETF by 39.4% during the third quarter. First Bank & Trust now owns 12,524 shares of the company’s stock valued at $447,000 after purchasing an additional 3,542 shares during the period.

iShares Broad USD High Yield Corporate Bond ETF Stock Performance

BATS:USHY traded up $0.02 during trading hours on Friday, hitting $35.60. The stock had a trading volume of 11,065,581 shares, compared to its average volume of 13,877,608. The business’s 50 day moving average is $36.19 and its 200-day moving average is $36.68. The company has a market cap of $22.40 billion, a price-to-earnings ratio of 10.79 and a beta of 0.41. iShares Broad USD High Yield Corporate Bond ETF has a one year low of $35.30 and a one year high of $37.82.

About iShares Broad USD High Yield Corporate Bond ETF

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.