Manning & Napier Advisors LLC Has $17.73 Million Position in iShares Broad USD High Yield Corporate Bond ETF $USHY

Manning & Napier Advisors LLC raised its stake in iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY) by 32.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 481,267 shares of the company’s stock after buying an additional 117,101 shares during the period. Manning & Napier Advisors LLC’s holdings in iShares Broad USD High Yield Corporate Bond ETF were worth $17,730,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in USHY. IFC & Insurance Marketing Inc. acquired a new position in shares of iShares Broad USD High Yield Corporate Bond ETF in the fourth quarter worth approximately $27,000. Brown Brothers Harriman & Co. increased its position in iShares Broad USD High Yield Corporate Bond ETF by 43.1% during the 4th quarter. Brown Brothers Harriman & Co. now owns 923 shares of the company’s stock valued at $35,000 after purchasing an additional 278 shares during the period. Elyxium Wealth LLC bought a new position in iShares Broad USD High Yield Corporate Bond ETF during the 4th quarter worth approximately $36,000. Creative Financial Designs Inc. ADV raised its holdings in iShares Broad USD High Yield Corporate Bond ETF by 9,400.0% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 1,425 shares of the company’s stock worth $53,000 after purchasing an additional 1,410 shares during the last quarter. Finally, Olistico Wealth LLC acquired a new position in shares of iShares Broad USD High Yield Corporate Bond ETF in the 4th quarter worth approximately $72,000.

iShares Broad USD High Yield Corporate Bond ETF Stock Performance

Shares of BATS:USHY traded down $0.03 during trading on Friday, reaching $36.87. The stock had a trading volume of 4,960,264 shares, compared to its average volume of 14,315,000. The firm’s fifty day moving average is $36.96 and its 200 day moving average is $37.15. iShares Broad USD High Yield Corporate Bond ETF has a 52 week low of $36.39 and a 52 week high of $37.87. The stock has a market cap of $23.20 billion, a price-to-earnings ratio of 10.79 and a beta of 0.41.

iShares Broad USD High Yield Corporate Bond ETF Company 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.