Rebalance LLC Increases Stock Position in iShares Broad USD High Yield Corporate Bond ETF $USHY

Rebalance LLC increased its holdings in iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY) by 4.4% in the third quarter, Holdings Channel reports. The institutional investor owned 1,786,170 shares of the company’s stock after buying an additional 74,906 shares during the period. iShares Broad USD High Yield Corporate Bond ETF makes up 4.1% of Rebalance LLC’s holdings, making the stock its 8th largest holding. Rebalance LLC’s holdings in iShares Broad USD High Yield Corporate Bond ETF were worth $67,481,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the stock. Twin Peaks Wealth Advisors LLC acquired a new stake in iShares Broad USD High Yield Corporate Bond ETF during the second quarter worth approximately $28,000. Trust Co. of Toledo NA OH bought a new stake in shares of iShares Broad USD High Yield Corporate Bond ETF during the 2nd quarter valued at $41,000. AdvisorNet Financial Inc grew its holdings in shares of iShares Broad USD High Yield Corporate Bond ETF by 20.1% during the 2nd quarter. AdvisorNet Financial Inc now owns 2,868 shares of the company’s stock worth $108,000 after purchasing an additional 480 shares in the last quarter. GPS Wealth Strategies Group LLC grew its holdings in shares of iShares Broad USD High Yield Corporate Bond ETF by 50.4% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 6,303 shares of the company’s stock worth $236,000 after purchasing an additional 2,112 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of iShares Broad USD High Yield Corporate Bond ETF in the second quarter worth $254,000.

iShares Broad USD High Yield Corporate Bond ETF Stock Up 1.7%

USHY stock opened at $37.40 on Friday. iShares Broad USD High Yield Corporate Bond ETF has a 52 week low of $34.90 and a 52 week high of $37.72. The business has a 50-day simple moving average of $37.44 and a 200 day simple moving average of $37.43. The company has a market cap of $23.53 billion, a PE ratio of 10.79 and a beta of 0.41.

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.