Wavvest Wealth LLC Makes New $1.25 Million Investment in iShares Broad USD High Yield Corporate Bond ETF $USHY

Wavvest Wealth LLC acquired a new position in shares of iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY) in the 3rd quarter, HoldingsChannel reports. The fund acquired 35,129 shares of the company’s stock, valued at approximately $1,255,000. iShares Broad USD High Yield Corporate Bond ETF makes up 1.0% of Wavvest Wealth LLC’s holdings, making the stock its 29th biggest holding.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Anchor Investment Management LLC grew its stake in iShares Broad USD High Yield Corporate Bond ETF by 80.2% in the 1st quarter. Anchor Investment Management LLC now owns 809 shares of the company’s stock valued at $30,000 after buying an additional 360 shares during the last quarter. Boyd Watterson Asset Management LLC OH lifted its position in iShares Broad USD High Yield Corporate Bond ETF by 3.5% during the 1st quarter. Boyd Watterson Asset Management LLC OH now owns 11,627 shares of the company’s stock worth $428,000 after acquiring an additional 393 shares during the last quarter. Bessemer Group Inc. lifted its position in iShares Broad USD High Yield Corporate Bond ETF by 1.6% during the 1st quarter. Bessemer Group Inc. now owns 37,407 shares of the company’s stock worth $1,378,000 after acquiring an additional 604 shares during the last quarter. Flagship Wealth Advisors LLC acquired a new position in iShares Broad USD High Yield Corporate Bond ETF during the 1st quarter worth $25,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in iShares Broad USD High Yield Corporate Bond ETF by 2.9% during the first quarter. EverSource Wealth Advisors LLC now owns 27,179 shares of the company’s stock valued at $1,001,000 after acquiring an additional 761 shares during the period.

iShares Broad USD High Yield Corporate Bond ETF Price Performance

USHY stock opened at $35.55 on Thursday. iShares Broad USD High Yield Corporate Bond ETF has a 52-week low of $35.30 and a 52-week high of $37.82. The company has a 50-day moving average of $36.24 and a two-hundred day moving average of $36.70. The stock has a market capitalization of $22.37 billion, a price-to-earnings 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.