iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY) Sets New 1-Year Low – Time to Sell?

iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY)’s stock price hit a new 52-week low during trading on Wednesday. The company traded as low as $36.23 and last traded at $36.2450, with a volume of 1611872 shares changing hands. The stock had previously closed at $36.41.

iShares Broad USD High Yield Corporate Bond ETF Stock Down 0.2%

The company has a 50 day moving average of $36.67 and a 200 day moving average of $36.85. The stock has a market capitalization of $22.66 billion, a price-to-earnings ratio of 10.79 and a beta of 0.41.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. increased its position in shares of iShares Broad USD High Yield Corporate Bond ETF by 56.0% in the fourth quarter. JPMorgan Chase & Co. now owns 11,904,449 shares of the company’s stock worth $445,167,000 after acquiring an additional 4,272,229 shares in the last quarter. Venturi Wealth Management LLC lifted its holdings in shares of iShares Broad USD High Yield Corporate Bond ETF by 5,219.9% during the 1st quarter. Venturi Wealth Management LLC now owns 1,316,148 shares of the company’s stock valued at $48,487,000 after acquiring an additional 1,291,408 shares in the last quarter. Financial Management Professionals Inc. lifted its holdings in shares of iShares Broad USD High Yield Corporate Bond ETF by 764,789.1% during the 2nd quarter. Financial Management Professionals Inc. now owns 703,698 shares of the company’s stock valued at $26,051,000 after acquiring an additional 703,606 shares in the last quarter. TIAA Trust National Association boosted its position in iShares Broad USD High Yield Corporate Bond ETF by 4.3% during the 4th quarter. TIAA Trust National Association now owns 9,768,912 shares of the company’s stock worth $365,532,000 after purchasing an additional 403,934 shares during the period. Finally, One Capital Management LLC boosted its position in iShares Broad USD High Yield Corporate Bond ETF by 11.1% during the 4th quarter. One Capital Management LLC now owns 2,341,985 shares of the company’s stock worth $87,579,000 after purchasing an additional 234,803 shares during the period.

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.