BTS Asset Management Inc. Sells 1,995 Shares of iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY)

BTS Asset Management Inc. decreased its position in shares of iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY) by 8.4% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 21,640 shares of the company’s stock after selling 1,995 shares during the period. iShares Broad USD High Yield Corporate Bond ETF makes up about 0.7% of BTS Asset Management Inc.’s portfolio, making the stock its 6th biggest holding. BTS Asset Management Inc.’s holdings in iShares Broad USD High Yield Corporate Bond ETF were worth $785,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Fisher Asset Management LLC boosted its position in iShares Broad USD High Yield Corporate Bond ETF by 5.5% in the fourth quarter. Fisher Asset Management LLC now owns 27,257,262 shares of the company’s stock valued at $990,802,000 after buying an additional 1,414,856 shares in the last quarter. TIAA Trust National Association boosted its position in iShares Broad USD High Yield Corporate Bond ETF by 166.8% in the second quarter. TIAA Trust National Association now owns 17,569,430 shares of the company’s stock valued at $638,196,000 after buying an additional 10,983,971 shares in the last quarter. Jones Financial Companies Lllp boosted its position in iShares Broad USD High Yield Corporate Bond ETF by 22,803.3% in the fourth quarter. Jones Financial Companies Lllp now owns 15,689,009 shares of the company’s stock valued at $570,295,000 after buying an additional 15,620,508 shares in the last quarter. BNP Paribas Financial Markets boosted its position in iShares Broad USD High Yield Corporate Bond ETF by 17.6% in the first quarter. BNP Paribas Financial Markets now owns 2,011,974 shares of the company’s stock valued at $73,618,000 after buying an additional 301,697 shares in the last quarter. Finally, Rebalance LLC lifted its holdings in shares of iShares Broad USD High Yield Corporate Bond ETF by 16.5% during the second quarter. Rebalance LLC now owns 1,566,062 shares of the company’s stock worth $56,817,000 after purchasing an additional 221,458 shares during the period.

iShares Broad USD High Yield Corporate Bond ETF Trading Up 0.3 %

Shares of iShares Broad USD High Yield Corporate Bond ETF stock opened at $37.20 on Friday. The company has a market capitalization of $11.39 billion, a PE ratio of 17.02 and a beta of 0.34. The business has a fifty day simple moving average of $36.75 and a two-hundred day simple moving average of $36.41.

iShares Broad USD High Yield Corporate Bond ETF Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, September 6th. Investors of record on Tuesday, September 3rd will be paid a $0.2069 dividend. The ex-dividend date of this dividend is Tuesday, September 3rd.

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.