iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY) Hits New 52-Week Low – Time to Sell?

iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY) shares hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $36.39 and last traded at $36.3850, with a volume of 10281211 shares traded. The stock had previously closed at $36.53.

iShares Broad USD High Yield Corporate Bond ETF Stock Down 0.4%

The stock has a market cap of $22.89 billion, a price-to-earnings ratio of 10.79 and a beta of 0.41. The stock’s fifty day moving average is $36.80 and its 200-day moving average is $36.93.

Institutional Investors Weigh In On iShares Broad USD High Yield Corporate Bond ETF

Several institutional investors have recently bought and sold shares of the company. Brown Brothers Harriman & Co. boosted its holdings in shares of iShares Broad USD High Yield Corporate Bond ETF by 43.1% in the 4th quarter. Brown Brothers Harriman & Co. now owns 923 shares of the company’s stock valued at $35,000 after buying an additional 278 shares during the last quarter. Carter Financial Group INC. raised its position in iShares Broad USD High Yield Corporate Bond ETF by 3.0% during the fourth quarter. Carter Financial Group INC. now owns 9,748 shares of the company’s stock worth $365,000 after acquiring an additional 281 shares in the last quarter. Anchor Investment Management LLC raised its position in iShares Broad USD High Yield Corporate Bond ETF by 80.2% during the first quarter. Anchor Investment Management LLC now owns 809 shares of the company’s stock worth $30,000 after acquiring an additional 360 shares in the last quarter. Boyd Watterson Asset Management LLC OH lifted its stake in iShares Broad USD High Yield Corporate Bond ETF by 3.5% in the first quarter. Boyd Watterson Asset Management LLC OH now owns 11,627 shares of the company’s stock valued at $428,000 after acquiring an additional 393 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in iShares Broad USD High Yield Corporate Bond ETF by 1.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 26,418 shares of the company’s stock valued at $988,000 after acquiring an additional 501 shares during the last quarter.

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.