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

BTS Asset Management Inc. raised its holdings in iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY) by 274.6% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 805,427 shares of the company’s stock after purchasing an additional 590,423 shares during the quarter. iShares Broad USD High Yield Corporate Bond ETF accounts for about 36.4% of BTS Asset Management Inc.’s holdings, making the stock its 2nd biggest position. BTS Asset Management Inc.’s holdings in iShares Broad USD High Yield Corporate Bond ETF were worth $30,212,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of USHY. GAMMA Investing LLC raised its stake in iShares Broad USD High Yield Corporate Bond ETF by 3,580.9% in the first quarter. GAMMA Investing LLC now owns 3,460 shares of the company’s stock valued at $127,000 after buying an additional 3,366 shares during the period. Janney Montgomery Scott LLC increased its stake in shares of iShares Broad USD High Yield Corporate Bond ETF by 91.6% during the first quarter. Janney Montgomery Scott LLC now owns 41,933 shares of the company’s stock worth $1,544,000 after purchasing an additional 20,047 shares during the period. Golden State Wealth Management LLC increased its stake in shares of iShares Broad USD High Yield Corporate Bond ETF by 405.2% during the first quarter. Golden State Wealth Management LLC now owns 1,839 shares of the company’s stock worth $68,000 after purchasing an additional 1,475 shares during the period. Bartlett & CO. Wealth Management LLC bought a new position in shares of iShares Broad USD High Yield Corporate Bond ETF during the first quarter worth approximately $71,000. Finally, Jaffetilchin Investment Partners LLC bought a new position in shares of iShares Broad USD High Yield Corporate Bond ETF during the first quarter worth approximately $315,000.

iShares Broad USD High Yield Corporate Bond ETF Trading Up 2.2%

Shares of BATS USHY opened at $37.58 on Wednesday. The firm has a market cap of $23.64 billion, a P/E ratio of 10.79 and a beta of 0.41. iShares Broad USD High Yield Corporate Bond ETF has a 1-year low of $34.90 and a 1-year high of $37.72. The business’s 50 day moving average is $37.58 and its 200-day moving average is $37.11.

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.