BTS Asset Management Inc. Buys 233,461 Shares of iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY)

BTS Asset Management Inc. grew its stake in iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY) by 1,078.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 255,101 shares of the company’s stock after buying an additional 233,461 shares during the quarter. iShares Broad USD High Yield Corporate Bond ETF accounts for about 9.2% of BTS Asset Management Inc.’s portfolio, making the stock its 3rd largest holding. BTS Asset Management Inc. owned about 0.08% of iShares Broad USD High Yield Corporate Bond ETF worth $9,605,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the stock. UMB Bank n.a. boosted its holdings in iShares Broad USD High Yield Corporate Bond ETF by 10.0% during the second quarter. UMB Bank n.a. now owns 117,638 shares of the company’s stock worth $4,268,000 after buying an additional 10,717 shares in the last quarter. ORG Partners LLC purchased a new stake in shares of iShares Broad USD High Yield Corporate Bond ETF during the 2nd quarter worth about $80,000. Pointe Capital Management LLC grew its position in shares of iShares Broad USD High Yield Corporate Bond ETF by 12.0% during the 1st quarter. Pointe Capital Management LLC now owns 66,375 shares of the company’s stock valued at $2,429,000 after acquiring an additional 7,098 shares during the period. Vicus Capital increased its stake in shares of iShares Broad USD High Yield Corporate Bond ETF by 27.0% in the 1st quarter. Vicus Capital now owns 52,928 shares of the company’s stock valued at $1,937,000 after purchasing an additional 11,256 shares in the last quarter. Finally, American Trust increased its stake in shares of iShares Broad USD High Yield Corporate Bond ETF by 105.0% in the 2nd quarter. American Trust now owns 182,154 shares of the company’s stock valued at $6,609,000 after purchasing an additional 93,295 shares in the last quarter.

iShares Broad USD High Yield Corporate Bond ETF Stock Down 0.3 %

Shares of USHY stock opened at $37.11 on Thursday. The business’s 50-day simple moving average is $37.30 and its 200 day simple moving average is $36.65. The stock has a market capitalization of $11.37 billion, a P/E ratio of 17.02 and a beta of 0.34.

iShares Broad USD High Yield Corporate Bond ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, September 3rd were paid a $0.2069 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd.

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.