iShares Broad USD High Yield Corporate Bond ETF $USHY Stake Lifted by Financial Management Professionals Inc.

Financial Management Professionals Inc. boosted its stake in iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY) by 764,789.1% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 703,698 shares of the company’s stock after purchasing an additional 703,606 shares during the period. iShares Broad USD High Yield Corporate Bond ETF accounts for 2.5% of Financial Management Professionals Inc.’s holdings, making the stock its 16th biggest holding. Financial Management Professionals Inc.’s holdings in iShares Broad USD High Yield Corporate Bond ETF were worth $26,051,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently added to or reduced their stakes in the stock. Amicus Financial Advisors LLC bought a new position in shares of iShares Broad USD High Yield Corporate Bond ETF during the fourth quarter worth about $8,684,000. TD Private Client Wealth LLC increased its holdings in shares of iShares Broad USD High Yield Corporate Bond ETF by 1,870.6% in the 4th quarter. TD Private Client Wealth LLC now owns 31,155 shares of the company’s stock worth $1,165,000 after acquiring an additional 29,574 shares during the period. Sumitomo Life Insurance Co. lifted its position in iShares Broad USD High Yield Corporate Bond ETF by 15.8% in the 4th quarter. Sumitomo Life Insurance Co. now owns 754,000 shares of the company’s stock valued at $28,196,000 after purchasing an additional 102,800 shares during the last quarter. Collaborative Fund Advisors LLC bought a new stake in iShares Broad USD High Yield Corporate Bond ETF in the 1st quarter valued at about $1,576,000. Finally, One Capital Management LLC boosted its stake 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 valued at $87,579,000 after purchasing an additional 234,803 shares during the period.

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

iShares Broad USD High Yield Corporate Bond ETF stock opened at $36.76 on Tuesday. iShares Broad USD High Yield Corporate Bond ETF has a 52-week low of $36.39 and a 52-week high of $37.87. The firm has a market capitalization of $23.13 billion, a price-to-earnings ratio of 10.79 and a beta of 0.41. The firm has a 50-day moving average price of $36.87 and a two-hundred day moving average price of $37.05.

iShares Broad USD High Yield Corporate Bond ETF 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.