iShares Broad USD High Yield Corporate Bond ETF $USHY Shares Sold by Strive Asset Management LLC

Strive Asset Management LLC cut its stake in iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY) by 95.9% in the third quarter, HoldingsChannel reports. The institutional investor owned 3,669 shares of the company’s stock after selling 84,834 shares during the quarter. Strive Asset Management LLC’s holdings in iShares Broad USD High Yield Corporate Bond ETF were worth $139,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Bank of New York Mellon Corp boosted its position in shares of iShares Broad USD High Yield Corporate Bond ETF by 18.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,185,643 shares of the company’s stock worth $81,983,000 after buying an additional 344,651 shares in the last quarter. GPS Wealth Strategies Group LLC raised its stake in iShares Broad USD High Yield Corporate Bond ETF by 50.4% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 6,303 shares of the company’s stock valued at $236,000 after purchasing an additional 2,112 shares during the last quarter. First Horizon Advisors Inc. lifted its stake in shares of iShares Broad USD High Yield Corporate Bond ETF by 135.2% during the second quarter. First Horizon Advisors Inc. now owns 20,132 shares of the company’s stock valued at $755,000 after buying an additional 11,571 shares during the period. Grey Fox Wealth Advisors LLC lifted its stake in shares of iShares Broad USD High Yield Corporate Bond ETF by 3.3% during the second quarter. Grey Fox Wealth Advisors LLC now owns 167,793 shares of the company’s stock valued at $6,294,000 after buying an additional 5,382 shares during the period. Finally, FDx Advisors Inc. acquired a new stake in iShares Broad USD High Yield Corporate Bond ETF during the second quarter worth approximately $1,496,000.

iShares Broad USD High Yield Corporate Bond ETF Stock Performance

USHY stock opened at $37.12 on Wednesday. The company has a 50 day moving average price of $37.50 and a two-hundred day moving average price of $37.51. The stock has a market capitalization of $23.35 billion, a P/E ratio of 10.79 and a beta of 0.41. iShares Broad USD High Yield Corporate Bond ETF has a one year low of $34.90 and a one year high of $37.87.

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.