iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY) Shares Acquired by Grove Bank & Trust

Grove Bank & Trust boosted its position in iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY) by 32.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 211,675 shares of the company’s stock after purchasing an additional 51,851 shares during the quarter. iShares Broad USD High Yield Corporate Bond ETF comprises 1.1% of Grove Bank & Trust’s holdings, making the stock its 19th biggest position. Grove Bank & Trust owned approximately 0.07% of iShares Broad USD High Yield Corporate Bond ETF worth $7,788,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. grew its stake in shares of iShares Broad USD High Yield Corporate Bond ETF by 304.4% in the third quarter. JPMorgan Chase & Co. now owns 63,967,523 shares of the company’s stock worth $2,408,377,000 after purchasing an additional 95,267,754 shares in the last quarter. BNP Paribas Financial Markets grew its position in iShares Broad USD High Yield Corporate Bond ETF by 107.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 5,188,732 shares of the company’s stock valued at $195,356,000 after buying an additional 2,688,663 shares in the last quarter. Nisa Investment Advisors LLC acquired a new position in iShares Broad USD High Yield Corporate Bond ETF during the 3rd quarter valued at about $12,801,000. BTS Asset Management Inc. raised its position in shares of iShares Broad USD High Yield Corporate Bond ETF by 1,078.8% during the 3rd quarter. BTS Asset Management Inc. now owns 255,101 shares of the company’s stock worth $9,605,000 after buying an additional 233,461 shares in the last quarter. Finally, American Trust lifted its stake in shares of iShares Broad USD High Yield Corporate Bond ETF by 105.0% in the 2nd quarter. American Trust now owns 182,154 shares of the company’s stock worth $6,609,000 after acquiring an additional 93,295 shares during the period.

iShares Broad USD High Yield Corporate Bond ETF Stock Up 1.1 %

BATS USHY opened at $37.18 on Friday. The firm has a market capitalization of $11.39 billion, a price-to-earnings ratio of 17.02 and a beta of 0.34. The company’s 50 day moving average is $37.08 and its 200 day moving average is $37.06.

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.