BTS Asset Management Inc. Trims Stock Holdings in Xtrackers USD High Yield Corporate Bond ETF $HYLB

BTS Asset Management Inc. lowered its position in shares of Xtrackers USD High Yield Corporate Bond ETF (NYSEARCA:HYLB) by 6.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 703,554 shares of the company’s stock after selling 50,871 shares during the period. Xtrackers USD High Yield Corporate Bond ETF comprises about 35.1% of BTS Asset Management Inc.’s portfolio, making the stock its biggest position. BTS Asset Management Inc. owned about 0.73% of Xtrackers USD High Yield Corporate Bond ETF worth $25,923,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Farther Finance Advisors LLC grew its position in Xtrackers USD High Yield Corporate Bond ETF by 154.6% during the 4th quarter. Farther Finance Advisors LLC now owns 8,567 shares of the company’s stock worth $316,000 after acquiring an additional 5,202 shares during the last quarter. NewEdge Advisors LLC increased its stake in shares of Xtrackers USD High Yield Corporate Bond ETF by 11.0% in the third quarter. NewEdge Advisors LLC now owns 25,506 shares of the company’s stock valued at $947,000 after buying an additional 2,521 shares during the period. Wiser Advisor Group LLC increased its stake in shares of Xtrackers USD High Yield Corporate Bond ETF by 1.3% in the third quarter. Wiser Advisor Group LLC now owns 33,798 shares of the company’s stock valued at $1,254,000 after buying an additional 435 shares during the period. BNP Paribas Financial Markets increased its stake in shares of Xtrackers USD High Yield Corporate Bond ETF by 81.1% in the third quarter. BNP Paribas Financial Markets now owns 126,581 shares of the company’s stock valued at $4,697,000 after buying an additional 56,678 shares during the period. Finally, Performa Ltd US LLC increased its stake in shares of Xtrackers USD High Yield Corporate Bond ETF by 11.7% in the third quarter. Performa Ltd US LLC now owns 1,450,899 shares of the company’s stock valued at $53,843,000 after buying an additional 151,943 shares during the period.

Xtrackers USD High Yield Corporate Bond ETF Stock Down 0.1%

Xtrackers USD High Yield Corporate Bond ETF stock opened at $36.71 on Thursday. The business has a 50 day moving average of $36.59 and a 200-day moving average of $36.78. Xtrackers USD High Yield Corporate Bond ETF has a 1 year low of $35.33 and a 1 year high of $37.19.

Xtrackers USD High Yield Corporate Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, March 9th. Stockholders of record on Monday, March 2nd were paid a $0.1727 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 5.6%.

Xtrackers USD High Yield Corporate Bond ETF Company Profile

The Xtrackers USD High Yield Corporate Bond ETF (HYLB) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks an index of USD-denominated high-yield corporate bonds with 1 to 15 years remaining to maturity. HYLB was launched on Dec 7, 2016 and is managed by Xtrackers.