BTS Asset Management Inc. Lowers Holdings in iShares Broad USD High Yield Corporate Bond ETF $USHY

BTS Asset Management Inc. reduced its position in shares of iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY) by 8.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 740,413 shares of the company’s stock after selling 65,014 shares during the period. iShares Broad USD High Yield Corporate Bond ETF comprises about 35.9% of BTS Asset Management Inc.’s investment portfolio, making the stock its 2nd biggest position. BTS Asset Management Inc.’s holdings in iShares Broad USD High Yield Corporate Bond ETF were worth $27,973,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of iShares Broad USD High Yield Corporate Bond ETF during the second quarter worth approximately $28,000. Richardson Capital Management LLC bought a new stake in iShares Broad USD High Yield Corporate Bond ETF during the 3rd quarter worth approximately $32,000. Farmers & Merchants Investments Inc. increased its holdings in iShares Broad USD High Yield Corporate Bond ETF by 78.4% during the 3rd quarter. Farmers & Merchants Investments Inc. now owns 883 shares of the company’s stock valued at $33,000 after purchasing an additional 388 shares in the last quarter. Cullen Frost Bankers Inc. bought a new position in iShares Broad USD High Yield Corporate Bond ETF in the 3rd quarter valued at $35,000. Finally, TD Private Client Wealth LLC acquired a new position in iShares Broad USD High Yield Corporate Bond ETF in the third quarter worth $60,000.

iShares Broad USD High Yield Corporate Bond ETF Stock Performance

Shares of USHY stock opened at $37.12 on Wednesday. iShares Broad USD High Yield Corporate Bond ETF has a 52 week low of $34.90 and a 52 week high of $37.87. The stock has a market capitalization of $23.35 billion, a PE ratio of 10.79 and a beta of 0.41. The stock’s fifty day moving average is $37.50 and its 200-day moving average is $37.51.

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.