iShares Broad USD High Yield Corporate Bond ETF $USHY is BTS Asset Management Inc.’s 2nd Largest Position

BTS Asset Management Inc. trimmed its holdings in shares of iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY) by 6.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 691,112 shares of the company’s stock after selling 49,301 shares during the quarter. iShares Broad USD High Yield Corporate Bond ETF accounts for about 35.0% of BTS Asset Management Inc.’s holdings, making the stock its 2nd largest position. BTS Asset Management Inc. owned about 0.11% of iShares Broad USD High Yield Corporate Bond ETF worth $25,857,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of USHY. Richardson Capital Management LLC purchased a new stake in shares of iShares Broad USD High Yield Corporate Bond ETF during 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. purchased a new stake in shares of iShares Broad USD High Yield Corporate Bond ETF during the third quarter valued at approximately $35,000. TD Private Client Wealth LLC purchased a new stake in shares of iShares Broad USD High Yield Corporate Bond ETF during the third quarter valued at approximately $60,000. Finally, Olistico Wealth LLC purchased a new stake in shares of iShares Broad USD High Yield Corporate Bond ETF during the fourth quarter valued at approximately $72,000.

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

Shares of USHY opened at $37.22 on Thursday. The company has a market capitalization of $23.42 billion, a price-to-earnings ratio of 10.79 and a beta of 0.41. The stock has a 50 day moving average of $37.09 and a 200 day moving average of $37.35. iShares Broad USD High Yield Corporate Bond ETF has a 12 month low of $35.90 and a 12 month high of $37.87.

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.