TIAA Trust National Association Purchases 496,842 Shares of iShares Broad USD High Yield Corporate Bond ETF $USHY

TIAA Trust National Association grew its position in iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY) by 5.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,364,978 shares of the company’s stock after purchasing an additional 496,842 shares during the period. TIAA Trust National Association owned about 1.49% of iShares Broad USD High Yield Corporate Bond ETF worth $353,931,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in USHY. Twin Peaks Wealth Advisors LLC purchased a new stake in iShares Broad USD High Yield Corporate Bond ETF in the 2nd quarter valued at about $28,000. Richardson Capital Management LLC bought a new position in shares of iShares Broad USD High Yield Corporate Bond ETF in the third quarter valued at approximately $32,000. Farmers & Merchants Investments Inc. increased its position in shares of iShares Broad USD High Yield Corporate Bond ETF by 78.4% during the third quarter. Farmers & Merchants Investments Inc. now owns 883 shares of the company’s stock valued at $33,000 after acquiring an additional 388 shares during the last quarter. Cullen Frost Bankers Inc. bought a new stake in iShares Broad USD High Yield Corporate Bond ETF during the third quarter worth $35,000. Finally, TD Private Client Wealth LLC bought a new stake in iShares Broad USD High Yield Corporate Bond ETF during the third quarter worth $60,000.

iShares Broad USD High Yield Corporate Bond ETF Trading Down 0.1%

USHY stock opened at $37.49 on Friday. The stock has a market cap of $23.59 billion, a P/E ratio of 10.79 and a beta of 0.41. The stock’s fifty day simple moving average is $37.50 and its two-hundred day simple moving average is $37.51. iShares Broad USD High Yield Corporate Bond ETF has a 1-year low of $34.90 and a 1-year high of $37.87.

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.