BTS Asset Management Inc. Reduces Stock Holdings in iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY)

BTS Asset Management Inc. trimmed its stake in iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY) by 5.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 239,943 shares of the company’s stock after selling 15,158 shares during the period. iShares Broad USD High Yield Corporate Bond ETF accounts for 8.8% of BTS Asset Management Inc.’s portfolio, making the stock its 3rd largest position. BTS Asset Management Inc. owned 0.08% of iShares Broad USD High Yield Corporate Bond ETF worth $8,828,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. L & S Advisors Inc lifted its holdings in shares of iShares Broad USD High Yield Corporate Bond ETF by 2.6% during the 3rd quarter. L & S Advisors Inc now owns 13,234 shares of the company’s stock valued at $498,000 after purchasing an additional 332 shares during the last quarter. Diversified Portfolios Inc. increased its position in iShares Broad USD High Yield Corporate Bond ETF by 4.5% during the 3rd quarter. Diversified Portfolios Inc. now owns 7,795 shares of the company’s stock valued at $293,000 after buying an additional 334 shares in the last quarter. ORG Partners LLC boosted its holdings in iShares Broad USD High Yield Corporate Bond ETF by 19.4% in the fourth quarter. ORG Partners LLC now owns 2,601 shares of the company’s stock worth $96,000 after acquiring an additional 423 shares in the last quarter. Fortitude Family Office LLC purchased a new stake in shares of iShares Broad USD High Yield Corporate Bond ETF during the third quarter worth about $27,000. Finally, Covestor Ltd increased its holdings in shares of iShares Broad USD High Yield Corporate Bond ETF by 10.7% during the third quarter. Covestor Ltd now owns 8,247 shares of the company’s stock valued at $311,000 after acquiring an additional 800 shares in the last quarter.

iShares Broad USD High Yield Corporate Bond ETF Stock Performance

BATS USHY opened at $37.18 on Friday. The firm has a market cap of $11.39 billion, a P/E ratio of 17.02 and a beta of 0.34. The firm has a 50-day moving average price of $37.08 and a two-hundred day moving average price of $37.06.

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.